Intel, the semiconductor giant, is scheduled to announce its second-quarter results on Thursday after the market closes. Here are the key details you should be aware of:
Revenue Expectations
According to FactSet, Intel is projected to report revenue of $12.13 billion for this quarter, a decrease from $15.32 billion in the same period last year.
Adjusted Earnings
FactSet also predicts that Intel will post an adjusted loss of 4 cents per share, in contrast to adjusted earnings of 29 cents per share in the previous year.
Net Income
Intel’s net loss is expected to widen to $2.52 billion, compared to $454 million in the prior-year period, as reported by FactSet.
What to Watch
Results
Following a significant decline in sales and its largest-ever quarterly loss in April, Intel’s results will be under close scrutiny. The company had previously stated that it would remain in a negative financial position until the market recovers from the sharp drop in personal computer sales that impacted its business.
Investments
Recognizing that their challenges extend beyond the current downturn cycle, Intel has implemented several plans to support their turnaround efforts. These include initiatives like constructing a semiconductor assembly and test facility in Poland and entering into a partnership with Germany to invest in two semiconductor facilities within the country.