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What Intel's Disastrous Earnings Tell Us About the Chip Sector and Competitors

What Intel's Disastrous Earnings Tell Us About the Chip Sector and Competitors

It is now guiding for third-quarter revenue of $15 billion-$16 billion vs. the $18.67 billion consensus. As for full-year 2022, its EPS expectation is now $2.30, down from its prior forecast of $3.60 and the $3.39 consensus. In terms of revenue for the year, Intel now expects $65 billion-$68 billion, down from $76 billion and well below the $74.4 billion consensus.