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Intel (NASDAQ:INTC) is scheduled to report first-quarter outcomes on Thursday, April twenty fifth, after market shut.
Analysts anticipate a year-over-year improve in each the highest and backside traces, with earnings per share of $0.14 on revenues of $12.78 billion.
The semiconductor business faces broad-based headwinds regardless of indicators of energy in areas like synthetic intelligence and the PC area.
Intel’s (INTC) first-quarter outcomes are anticipated to learn from better-than-expected pocket book shipments and enhancing server demand.
“We expect INTC to report solid results and guidance, supported by improving server and better-than-expected PC shipments while non-core segments will likely continue to destock and work through cyclical headwinds,” mentioned analysts at KeyBanc.
According to Citi, pocket book shipments had been down 5% within the first-quarter, nicely above the brokerage’s estimate of a 12% decline and the traditional seasonal decline of 17%.
Analysts may also be specializing in the chipmaker’s AI progress. The firm not too long ago launched its Gaudi 3 accelerator, geared toward difficult Nvidia’s (NVDA) dominance within the discipline.
“While Foundry won’t move the needle in the short term, process roadmap appears on track, PC share losses are behind, and we expect server losses to moderate in coming quarters,” mentioned brokerage Raymond James.
In early April, Intel (INTC) disclosed that its foundry enterprise had a $7 billion working loss on revenues of $18.9 billion in 2023, wider than the $5.2 billion loss it recorded in 2022.
Over the final three months, the corporate has seen vital downgrades to its estimates. Its earnings per share estimates have been revised downwards 26 occasions vs. one upward transfer, whereas its income estimates have been revised down 25 occasions.
Seeking Alpha analysts at massive contemplate INTC a Buy. This contrasts with common Wall Street score and SA Quant score of Hold.