Posted 10/25/2023, 1:32:39 PM
Intel Q3 Earnings Preview: PC Rebound and Datacenter Slowdown Amid Ongoing Turnaround Efforts
- Intel to report Q3 earnings on Thursday, expected revenue of $13.5B and adjusted EPS of $0.21
- PC sales rebounding after 2 years of declines, positive for Intel's Client Computing business
- Datacenter/AI revenue still declining but slowing, Intel lags Nvidia in AI hardware
- Intel Foundry Services growth moderating after triple-digit gains earlier this year
- Intel turnaround ongoing after losing ground to AMD in PCs and Nvidia in AI