Will Lower Data Center Revenues Hinder Intel (INTC) Q2 Earnings?

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Will Lower Data Center Revenues Hinder Intel (INTC) Q2 Earnings?

Zacks08-01

Intel Corporation INTC is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded lower revenues from ...

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In the to-be-reported quarter, the company is likely to have recorded lower revenues from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lower-data-center-revenues-hinder-165500549.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Lower Data Center Revenues Hinder Intel (INTC) Q2 Earnings?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Lower Data Center Revenues Hinder Intel (INTC) Q2 Earnings?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-01 00:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/lower-data-center-revenues-hinder-165500549.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Intel Corporation INTC is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded lower revenues from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lower-data-center-revenues-hinder-165500549.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INTC","symbol_name":"英特尔","start_time":0,"source_url":"https://finance.yahoo.com/news/lower-data-center-revenues-hinder-165500549.html","article_id":"2456016322","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Agv109gOcp2SQuCw5BhLMw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/919154364c00fbf714994a76d78ccb85"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2456016322","pubTimestamp":1722444900,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Zacks Consensus Estimate for Data Center and AI revenues is pegged at $3.08 billion, indicating a decline from $4 billion in the year-ago quarter. Our estimate for revenues from this segment is pegged at $2.95 billion, suggesting a 6.4% year-over-year decline.For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $12.92 billion, which indicates a decrease from the year-ago quarter’s reported figure of $12.95 billion. The consensus estimate for adjusted earnings per share stands at 10 cents, suggesting a decline from the 13 cents reported in the prior year.Our proven model does not conclusively predict an earnings beat for Intel for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 , 2  or 3  increases the chan","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"INTC":"英特尔"},"translate_title":"数据中心收入下降会阻碍英特尔(INTC)第二季度盈利吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":1},"content_text":"Intel Corporation INTC is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded lower revenues from the Datacenter and AI Group (DCAI) segment, owing to the fierce competition from other industry leaders amid a challenging macroeconomic environment.However, the introduction of a leading-edge product suite, including the Intel Gaudi 3 accelerator, integrated optical compute interconnect chiplet and advancements in AI-accelerated high-performance computing, may have acted as a tailwind.\nFactors at Play\nThe DCAI segment seeks to develop leading data center products, including Intel Xeon servers and field programmable gate array products, while overseeing the overall artificial intelligence (AI) strategy.During the quarter, Intel introduced the industry’s first fully integrated optical compute interconnect (OCI) chiplet, marking a significant step forward in high-speed data transmission. Co-packaged with next-generation CPU, GPU, IPU and other Systems-On-Chip, the chiplet is likely to pave the way for emerging AI infrastructure for data centers and high-performance computing applications. The OCI chiplet promises to deliver higher bandwidth with lower power consumption and longer reach.The company also introduced the Intel Gaudi 3 accelerator and a suite of open, scalable systems for a significant leap forward in advancing AI adoption across various sectors. The Intel Gaudi 3 AI accelerator, designed to deliver unparalleled performance, openness and choice, is poised to power AI systems with remarkable efficiency. Equipped with up to tens of thousands of accelerators interconnected through Ethernet, the Gaudi 3 accelerator promises a substantial boost in AI training and inference capabilities, enabling global enterprises to deploy AI at scale with ease. These developments have supported the DCAI segment’s top line during the quarter.However, intensifying competition from other industry leaders including Advanced Micro Devices, NVIDIA is affecting net sales. Soft demand in some end markets and macro headwinds are a concern.\nOverall Expectations\nThe Zacks Consensus Estimate for Data Center and AI revenues is pegged at $3.08 billion, indicating a decline from $4 billion in the year-ago quarter. Our estimate for revenues from this segment is pegged at $2.95 billion, suggesting a 6.4% year-over-year decline.For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $12.92 billion, which indicates a decrease from the year-ago quarter’s reported figure of $12.95 billion. The consensus estimate for adjusted earnings per share stands at 10 cents, suggesting a decline from the 13 cents reported in the prior year.\nEarnings Whispers\nOur proven model does not conclusively predict an earnings beat for Intel for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +10.79%. The Most Accurate Estimate is pegged at 11 cents and the Zacks Consensus Estimate stands at 10 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\n\nIntel Corporation Price and EPS Surprise\n\nIntel Corporation price-eps-surprise | Intel Corporation Quote\n\nZacks Rank: Intel has a Zacks Rank #4 (Sell).\nStocks to Consider\nHere are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:Fortinet FTNT is set to release quarterly numbers on Aug 6. It has an Earnings ESP of +3.41% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.The Earnings ESP for BWX Technologies BWXT is +0.88% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Aug 5.The Earnings ESP for Watts Water Technologies WTS is +1.17% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Aug 7.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIntel Corporation (INTC) : Free Stock Analysis Report\nFortinet, Inc. (FTNT) : Free Stock Analysis Report\nWatts Water Technologies, Inc. (WTS) : Free Stock Analysis Report\nBWX Technologies, Inc. (BWXT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}