Intel to Release Q2 Earnings After Market Close on Thursday

iconChainthink
Share
This is the logo of the coin.
INTC
----
AI summary iconSummary
Intel is set to release its Q2 earnings after the U.S. market closes on Thursday, July 23, according to on-chain news sources. Analysts expect adjusted earnings per share of 22 cents and revenue of $14.4 billion. RBC analyst Srini Pajjuri noted that server CPU sales could grow by double digits this year. Market attention will focus on potential layoffs in the data center division and updates regarding the Apple partnership. Earlier reports suggested Apple and Intel had reached a preliminary chip manufacturing agreement. Trump also mentioned the collaboration on June 18.

ChainThink reports that Intel (INTC.O) will release its earnings report after the close of U.S. markets on Thursday, July 23.

Analysts surveyed by FactSet expect Intel's Q2 adjusted earnings per share to be 22 cents, with revenue of $14.4 billion.

Bank of Montreal analyst Srini Pajjuri said server CPU sales are expected to maintain double-digit growth throughout the year. The market will also be watching Intel’s workforce reduction plan for its data center division and whether the company discloses further details regarding a potential new client, Apple.

In May, it was reported that Apple and Intel had reached a preliminary agreement for Intel to manufacture some chips for Apple devices. On June 18, Trump posted that Apple had agreed to collaborate with Intel to design and manufacture its chips in the United States.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.