Intel stock (NASDAQ: INTC) is expected to publish its Q2 2023 results later this week. We expect revenue for the quarter to come in at about $12.2 billion, marginally.
Intel stock (NASDAQ NDAQ : INTC) is expected to publish its Q2 2023 results later this week. We expect revenue for the quarter to come in at about $12.2 billion, marginally ahead of consensus estimates. This would mark a decline of about 21% versus last year, although things are likely to improve on a sequential basis. We expect the company to post a small net loss of $0.03 per share, slightly narrower than consensus estimates. See our analysis of Intel Earnings Preview for a closer look at what to expect when Intel INTC publishes its Q2 results.
Intel’s performance has been tough in recent quarters as the PC industry is in the midst of a slump, with the tailwinds such as remote working and learning seen through Covid-19 easing. Over Q1, sales of Intel’s Client Computing group declined 38% to $5.
