Intel (INTC, Financial) is set to release its latest quarterly earnings report. This marks the first detailed look into the strategic direction under new CEO Lip-Bu Tan. Analysts anticipate Intel will report its fourth consecutive quarterly revenue decline, highlighting the challenges Tan faces. According to LSEG, Intel's revenue is expected to drop by 3.4% year-over-year to $12.7 billion, with losses increasing to $945 million compared to $381 million the previous year.
The company's personal computer (PC) segment is predicted to see an 11% decrease in revenue, while the data center business may decline slightly. Intel has faced stiff competition from Advanced Micro Devices (AMD) and NVIDIA (NVDA), especially in the AI sector. Lip-Bu Tan, who returned as CEO in March, is pursuing organizational restructuring and focusing equally on Intel's chip development and foundry businesses.
Geopolitical tensions add uncertainty, as increasing US tariffs on Chinese industries could impact Intel. China remains Intel's largest market, accounting for a third of its revenue. While some PC manufacturers may increase orders to avoid tariffs, Intel's reliance on Taiwan Semiconductor Manufacturing Company (TSM) for advanced processes could test Tan's leadership. Analysts remain keen to see if Tan can instill investor confidence in Intel's turnaround potential.
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