Intel Faces Q3 Earnings Test as Revenue Is Expected to Rise 21%

Intel will post third-quarter results after the U.S. market closes Thursday, Oct. 29, with investors looking for signs that AI-related server demand can support growth and for clues on Q4 guidance and capital spending. Analysts expect revenue of $16.5 billion, roughly 21% above the same quarter a year earlier, and adjusted earnings of $0.40 per share, compared with $0.23 a year ago. The revenue estimate is within Intel’s July outlook , which projected $15.8 billion to $16.8 billion in sales, adjusted earnings of $0.38 per share and an adjusted gross margin of 42%.

Source: TokenPost