Intel Q2 Earnings Preview: Earnings Estimates, What Analysts Are Saying And Why AI Is Still The Biggest Topic Of Discussion
Portfolio Pulse from Chris Katje
Intel Corporation (NASDAQ:INTC) is set to report Q2 financial results. Analysts expect a revenue of $10.97 billion, marking a decline YoY and QoQ. Intel has missed revenue estimates in three of the last four quarters. Analysts predict a loss of three cents per share in Q2. Intel's guidance for Q2 revenue is between $11.50 billion to $12.50 billion. Rosenblatt analyst Hans Mosesmann has a Sell rating on Intel due to product delays, cyclical factors, and market share losses. Mizuho Securities analyst Vijay Rakesh has a Neutral rating, seeing potential benefits from the surge in AI applications. Intel's AI and Data Center division is a key area of interest.

July 27, 2023 | 3:49 pm
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NEGATIVE IMPACT
Intel is expected to report a decline in Q2 revenue and earnings. Analysts have mixed views, with some predicting potential benefits from AI applications. The company's AI and Data Center division is a key area of interest.
Intel's expected decline in Q2 revenue and earnings could negatively impact its stock price. However, the company's focus on AI and Data Center could provide potential growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AMD is mentioned as a competitor to Intel, with market share losses to AMD being a concern for some analysts. However, the surge in AI applications could also benefit AMD in the longer term.
AMD's potential market share gains from Intel could positively impact its stock price. The surge in AI applications could also provide growth opportunities for AMD.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Mobileye, a segment of Intel that has been spun out and is now traded as Mobileye Global, reported quarterly results earlier. The company saw a 16% YoY increase in Q1.
Mobileye's positive Q1 results could positively impact its stock price. As a segment of Intel, its performance could also have implications for Intel's overall financial results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia is seen as the biggest beneficiary of the surge in AI applications. The company's stock is up 225% year-to-date in 2023.
Nvidia's position as the biggest beneficiary of the surge in AI applications could positively impact its stock price. The company's strong stock performance YTD also indicates positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 60