From Nasdaq, Inc.:

Intel Corporation is slated to report fourth-quarter 2023 results on Jan 25th after the closing bell. The company delivered an earnings surprise of 95.24% in the last reported quarter and 136.31% on average in the trailing four quarters. It is expected to report higher revenues year over year, mainly driven by strong demand in the Data Center and AI Group.

In the fourth quarter, Intel introduced AI chips for data centers and PCs. The company also launched the 5th Gen Intel Xeon processor family, which is expected to significantly impact the upcoming results. Additionally, partnerships with Databricks and Remark Holdings, Inc. are likely to have generated incremental revenues in the quarter. The Zacks Consensus Estimate for total revenues for the December quarter is $15,140 million, with an estimated adjusted earnings per share of 44 cents.

During the quarter, Intel disclosed its plans to separate its Programmable Solutions Group (“PSG”) operations into a standalone business. The company also inked an agreement with the federal government of Israel to invest $25 billion to expand its chip manufacturing facility. However, Intel is not likely to beat earnings this time around, as it currently has a Zacks Rank #4 (Sell).

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Read more: Will Top-Line Expansion Augment Intel’s (INTC) Q4 Earnings?