Intel stock

2022 - 7 - 29

Intel stock slumps 11% after poor earnings (CNBC)

Intel stocks fell 10% Friday, a day after the company reported disappointing second-quarter earnings that missed on the top and bottom lines.

Intel's revenue declined 22% year over year and missed consensus by 14%, the company's largest top-line disappointment since 1999, according to Refinitiv data. He said small and medium-sized businesses have slowed down their computer purchasing, but the enterprise has been holding up. The company also lowered its full-year expectations.

Intel Q2: Horror Show (Seeking Alpha)

Intel reported a horrible quarter, with revenues missing targets by a massive $2.6 billion. See why it isn't too late to sell INTC stock.

The stock is down to $37 in after-hours trading and one has to see this stock price as expensive. The key investor takeaway is that Intel remains a horror show for shareholders. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Any investor has to question how Intel is going to spend $27 billion (before subsidies) on capital spending this year and attempt to build out a foundry business and somehow improve execution on the current chip design business. The massive hit to gross margins continues to suggest Intel has to cut prices in order to capture sales in an environment where AMD lacks enough supplies. Intel is spending $23 billion on capital spending this year due to the plans to build new foundries. AMD is forecast to only reach 2022 revenues of $26 billion with numbers approaching $29 billion in 2023. In an environment where AMD is chip constrained, one has to wonder where the ultimate bottom in the business for Intel exists. Intel regularly traded at 10x forward EPS estimates, but the forward estimates continue to collapse in a true value trap. The chip giant reported revenues missed estimates by a massive $2.6 billion with numbers down 17% on the year. The amount is down from $27 billion likely due to the passage of the CHIPS Act producing a 25% subsidy for building foundries in the US. Intel's (NASDAQ: INTC) pushed for the approval CHIPS Act, but ironically the bill got Congress approval on the exact day the chip giant reported a horrible quarter.

Intel stock down over 11% in premarket trading following wide ... (Finbold)

Intel (NASDAQ: INTC) stock is reeling in premarket trading after the chip giant missed its second-quarter earnings results.

In sum, the firm posted revenues of $15.3 billion, a reduction of -17.3% year-on-year (YoY), missing estimates by $2.63 billion. Year-to-date (YTD) INTC shares are down over 25%, maintaining a negative long-term trend. CEO Pat Gelsinger was unhappy with the results, claiming they were below Intel standards and shareholders’ expectations for the company. We are embracing this challenging environment to accelerate our transformation.” When investing, your capital is at risk. Further, the earnings per share (EPS) were $0.29, missing estimates by $0.41.

Intel CEO Says Third Quarter Is 'Bottom' After Dour Forecast (Yahoo Canada Finance)

(Bloomberg) -- Intel Corp. Chief Executive Officer Pat Gelsinger slashed sales and profit forecasts for the rest of the year, conceding that the struggling ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

Intel kills the remnants of Optane memory (PCWorld)

Intel's speed-boosting Optane storage tech was already on the ropes. Now it's dead.

Intel’s woes come as companies worldwide adjust to a softened demand for full-power computers and brace for a possible recession. Q2 revenues for Intel showed a revenue of $15.3 billion, well below the projected $17.94 billion, and the stock market responded with a precipitous sell-off of Intel stock. The move comes amid a generally poor outlook for the company as a whole.

Intel Stock Plunges After Dismal Q2 Earnings, 2022 Sales Forecast ... (TheStreet)

Intel shares p[lunged lower Friday after the chip maker posted much weaker-than-expected second quarter earnings, while cutting its full-year sales forecast ...

The sudden and rapid decline in economic activity was the largest driver, but the shortfall also reflects our own execution issues.” Current quarter sales, Intel added, would likely range between $15 billion and $16 billion, again missing analysts' forecasts. Network and Edge Group sales were down 11% to $2.3 billion.

Intel earnings slammed on Wall Street: 'Such a disconnect between ... (MarketWatch)

Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of...

“Q4 outlook is achievable in our view as it 1) implies ~10% lower PC CPU volumes vs pre-pandemic levels 2) assumes slower ramp of Sapphire Rapids.” Muse has an in-line rating on Intel shares and a $40 price target. “The market turbulence and updated outlook are disappointing,” Intel INTC, -1.32%Chief Financial Officer David Zinsner said on the call. “While some investors could potentially see a kitchen sink in the results, it seems more likely that things are circling the drain,” Bernstein analyst Stacy Rasgon wrote, while reiterating an underperform rating on Intel’s stock. “Overall, this was about as messy as a quarter can get, and we are not 100% convinced that we are out of the woods just yet – with still a very challenging road ahead as INTC undergoes its major transformation,” he wrote. Evercore ISI’s C.J. Muse called the latest report “very ugly” as he noted a shortfall in the company’s datacenter business that had been the company’s “bread and butter.”

Why Intel Stock Tanked on Friday (Motley Fool)

Shares of Intel (INTC -9.90%) were down 10.5% as of 9:44 a.m. ET on Friday after the chipmaker delivered disappointing earnings results following the market ...

This may only fuel AMD's momentum, as it remains on offense after recently completing the acquisition of programmable chip supplier Xilinx. AMD has been gaining market share in both the consumer desktop and server markets. The company is now dealing with soft economic activity, which doubles the blow.

Intel Shares Crash After Yet Another Poor Quarter (Seeking Alpha)

Intel reported Q2 earnings and they were disappointing. Read more to see my take on its earnings and why I think INTC stock is overvalued now.

However, the company has the ability to right the ship if this is in fact that "Kitchen Sink" quarter investors are hoping for. The service boasts a community of like minded investors that also receive complete access to our various portfolios that you can track in real-time. Disclosure: I/we have a beneficial long position in the shares of AMD, AAPL either through stock ownership, options, or other derivatives. Today, he provides his followers insights to both undervalued dividend stocks mixed with high-growth opportunities with a goal of them reaching financial freedom in the long-term. Mark Roussin is an active Certified Public Accountant (CPA) in the state of California. Mark has worked as a CPA, serving both public and private Real Estate corporations for over 10 years. The company has been investing heavily in capex, which investors are banking on that coming through sooner rather than later. The revenue figure was a 17% decline year over year in that quarter on an adjusted basis. It is clear as day that the company needs to get its act together, from the top down. This guidance is a move lower from a quarter ago in which management was expecting adjusted EPS of $3.60 per share on $76.0 billion in revenue. Analysts have lowered their full-year expectations to $3.42 per share in earnings and $74.3 billion in revenue. Over the past few years, we saw a boom from chip stocks, yet Intel has been unable to capitalize. In the press release, we got the typical response from Gelsinger:

Intel: That Dividend Will Have To Go (Seeking Alpha)

In our view, there are now three major risks that bring the dividend sustainability into question. Looking for option income ideas that focus on capital ...

The cash flow deficit is massive and this is despite lumping the whole year in one show. Using cash secured puts and covered calls to harvest income off value income stocks is the best way forward. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The truth is that the back half is so bad that even INTC's dividend looks uncovered. We do this as the depreciation is already counted in the EPS number. Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The second risk here is that INTC is likely to face continued inflationary pressure on its own labor force. The revenue projections for the back half look ok, but the gross margins look highly optimistic in our view. Note that the chart does not reflect the most recent quarter, but nonetheless serves to make our point. In our view, there are now three major risks, that bring the dividend sustainability into question. When we last covered Intel Corporation (NASDAQ: INTC) we decided to stay out as the risks were just not worth the rewards. Equally bad and likely a cause to some extent, was the revenue number of $15.3 billion.

Intel stock

Explore the last week