Intel Q2 Earnings Preview: AI Demand, Layoffs, and Apple Deal in Focus
INTC has more than doubled off its 52-week low of $18.965.
Summary
Intel reports Q2 earnings after the close Thursday, with analysts expecting adjusted EPS of 22 cents on $14.4B revenue, a sharp turnaround from last year's loss. The report comes amid a 5.1% drop from its June record high and the stock's worst month since August 2024, as chip stocks face a broad rotation. The company also confirmed planned layoffs in its data-center group, signaling cost-cutting efforts. Investors will scrutinize guidance for sustained AI-driven CPU demand and any updates on the preliminary Apple manufacturing deal announced in May. This follows a series of high-profile wins, including a 10% government stake and Google TPU contract, but the recent selloff raises the stakes for a strong outlook.
At the time of this announcement, INTC was trading at $103.79 on NASDAQ in the Technology sector, with a market capitalization of approximately $515.8B. The 52-week trading range was $18.97 to $142.35. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.