From Nasdaq:

Intel stock has rebounded, rising 65% in the past year compared to the S&P 500’s 22% rise. The company will report Q4 2023 earnings after the bell. Expectations are high due to strong Q3 results. The company’s revenue is expected to decline 14% for the year, but its recent performance has been strong, and it aims to cut operating costs.

Intel is expected to earn 45 cents per share on revenue of $15.16 billion for the quarter, which would be an 8% rise in revenue year over year. Intel’s recent strong performance has been driven by its core CPU business and AI initiatives. Its diverse business portfolio and financial strength enable it to compete effectively for growth opportunities.

The company’s financial firepower has allowed it to compete effectively in growth areas. The company is expected to show continued strength during the quarter. Although margins might be down from a year ago, they should show significant improvement from the previous two quarters. Intel aims to cut costs by $3 billion in this fiscal year and reduce annual expenses by $8 to $10 billion by 2025.

Revenue is expected to decline 14% for the full year, with earnings dropping from $1.84 per share to 95 cents per share. Despite a challenging year, Intel has shown promising results, with multiple business sectors showing impressive revenue growth and profits. The company must deliver another top and bottom line beat while selling the potential of its recent manufacturing plants.

Intel’s performance has been notable over the past three quarters, with the company showing evidence that it can stabilize revenues and cut operating costs. The company has begun to address its capital position and aims to cut $3 billion in costs this fiscal year. The company will reveal its Q4 2023 results after the closing bell tomorrow.



Read more: Intel (INTC) Q4 2023 Earnings: What to Expect