Intel Corporation, based in Santa Clara, California, is a company that specializes in designing, developing, manufacturing, marketing, and selling computer and related products and services. With a market capitalization of 136.31 billion dollars, Intel focuses on microprocessors, chipsets, embedded processors, microcontrollers, flash memory, networking and communications devices, and digital imaging products. The leading chipmaker is set to announce its second-quarter earnings for the year 2024 on Thursday, July 25.
Analysts are predicting that Intel (INTC) will report a loss of $0.12 per share, representing a 140% increase from the loss of $0.05 per share in the same quarter last year. While Intel has beaten consensus estimates in three of the past four quarters, it missed them in one instance. In the previous quarter, Intel disclosed that its foundry unit had a total operating loss of $2.5 billion and its revenue decreased by 10% year-over-year to $4.4 billion.
Overall, analysts are expecting Intel to report earnings per share (EPS) of $0.09 for the full year, down 76.3% from $0.38 in fiscal 2023.
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