but Its $11 Billion GAAP Loss Still Matters $Intel(INTC)$’s second-quarter report provided its strongest evidence yet that the turnaround is gaining commercial momentum. Revenue and adjusted earnings substantially exceeded expectations, while management issued an unusually strong third-quarter forecast. However, the difference between Intel’s adjusted performance and GAAP results shows that the recovery remains expensive. Revenue increased 25% year over year to $16.13 billion, compared with approximately $14.4 billion expected by analysts. Adjusted earnings reached $0.42 per share, double the consensus estimate. Intel forecast third-quarter revenue of $15.8 billion–$16.8 billion and adjusted earnings of $0.38 per share, also above expectations. Re
Intel Adds Quantum Software Ahead of Earnings — Strategic Fit or Distraction?
Intel rose 4.04% Monday after agreeing to acquire quantum software firm Classiq; terms were undisclosed. Its algorithm-synthesis platform will complement Intel’s silicon-spin hardware, extending the quantum business into software. Bulls see a fuller platform and stronger developer ties; bears note quantum revenue is distant, while near-term results depend on servers, foundry performance, and capex. Does Classiq advance Intel’s platform strategy, or remain too remote from earnings?
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