Intel (INTC) To Report Earnings Tomorrow: Here Is What To Expect

Petr Huřťák /
2023/01/25 4:44 am EST

Computer processor maker Intel (NASDAQ:INTC) will be announcing earnings results tomorrow afternoon. Here's what investors should know.

Last quarter Intel reported revenues of $15.3 billion, down 20% year on year, in line with analyst expectations. It was a weak quarter for the company, with full year guidance missing analysts' expectations.

Is Intel buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Intel's revenue to decline 29.3% year on year to $14.4 billion, a  further deceleration on the 2.75% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.

Intel Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing three upward and five downward revisions over the last thirty days. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 4.62%.

Looking at Intel's peers in the semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Texas Instruments's revenues decreased 3.35% year on year, beating analyst estimates by 0.92%. Texas Instruments was up 0.62% on the results. Read our full analysis of Texas Instruments's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 15.9% over the last month. Intel is up 14.8% during the same time, and is heading into the earnings with with analyst price target of $31.35, compared to share price of $29.79.

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The author has no position in any of the stocks mentioned.