Intel Corp. reports second-quarter results after the bell Thursday, and here are the numbers to watch:
Last quarter, Intel
INTC,
posted its largest ever quarterly loss of $2.76 billion, and it forecast an adjusted second-quarter loss of 4 cents a share on revenue of about $11.5 billion to $12.5 billion for the current period. Analysts surveyed by FactSet, on average, expect a loss of 4 cents a share on revenue of $12.12 billion.
Intel also forecast adjusted gross margins of about 33.2% for the quarter. Intel’s gross margins have been under a microscope as they have slipped well under 50% over the past few years. Recently, Intel said it would start reporting margins for its emerging contract foundry business, IFS, next year.
By business division at Intel, analysts surveyed by FactSet expect:
- Client computing group, or PC, sales to fall 20.6% to $6.08 billion
- Data-center AI group sales to fall 18.2% to $3.8 billion
- Network and edge sales to drop 36.6% to $1.48 billion
- Foundry services revenue to rise 22.3% to $149.2 million.
Back in June, Intel shares were the worst on the Dow Jones Industrial Average
DJIA,
for two days in a row after the company outlined plans for its contract foundry business without naming a major customer.
Analysts expect Mobileye revenue to rise 8.8% to $500.3 million. Mobileye Global Inc.
MBLY,
which Intel spun off last year, said in June an Intel subsidiary was launching a secondary offering without proceeds going to Mobileye.
From July 2022: Intel stock plummets after wide earnings miss, execution mistakes
This post was originally published on Market Watch
