Computer processor maker Intel (NASDAQ:INTC) will be reporting results tomorrow afternoon. Here’s what you need to know.
Intel beat analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $13.65 billion, up 2.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Intel a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Intel’s revenue to decline 6% year on year to $13.4 billion, improving from the 7.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Intel has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Intel’s peers in the semiconductors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Penguin Solutions posted flat year-on-year revenue, beating analysts’ expectations by 1.2%, and Micron reported revenues up 56.7%, topping estimates by 5%. Penguin Solutions traded down 14.2% following the results while Micron was up 9.9%.
Read our full analysis of Penguin Solutions’s results here and Micron’s results here.
There has been positive sentiment among investors in the semiconductors segment, with share prices up 12.1% on average over the last month. Intel is up 37.1% during the same time and is heading into earnings with an average analyst price target of $42.44 (compared to the current share price of $49.89).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.