Intel

2023-10-26

Intel Earnings: What To Look For From INTC

Computer processor maker Intel (NASDAQ:INTC) will be announcing earnings results tomorrow after the bell. Here's what to expect.

Last quarter Intel reported revenues of $12.9 billion, down 15.5% year on year, beating analyst revenue expectations by 6.69%. It was a solid quarter for the company, with a significant improvement in its inventory levels and an impressive beat of analysts' EPS estimates.

Is Intel buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Intel's revenue to decline 11.3% year on year to $13.6 billion, improvement on the 20.1% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share.

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