Intel (INTC) will report Q2 earnings as new CEO Lip-Bu Tan aims to revive the chip giant. Intel’s market cap is $101B, AMD’s is $257B, and Nvidia’s is over $4T. Expected EPS is $0.01 on $11.8B revenue, down from last year’s $0.02 and $12.8B. Products business expected to generate $10.9B.

Intel faces competition from Qualcomm in PC chip space and Nvidia in AI chip space. Intel’s Foundry business expected to pull in $4.3B, up 2%, but struggling. Intel reached agreements to build chips for Microsoft and Amazon. Tan considering promoting next-gen 14A technology.

Intel may face massive write-down on 18A technology. Company considering cost-cutting measures, including shutting down automotive business, outsourcing marketing jobs, and laying off factory workers. Bernstein analyst questions if Intel’s numbers will matter to investors amidst broader issues.

Read more at Yahoo Finance: Intel to report Q2 earnings as Wall Street looks for signs of turnaround