Intel

Chipmaker Intel missed Wall Street's targets for sales and earnings in the fourth quarter. Intel stock tumbled on the news.

Analysts had predicted adjusted earnings of 17 cents a share on sales of $533 million. In the same quarter last year, Intel earned 87 cents a share on sales of $18.35 billion. [IBD Stock Checkup](https://research.investors.com/stock-checkup/nasdaq-intel-intc.aspx). The best growth stocks have a Composite Rating of 90 or better. For the current quarter, Intel expects to lose an adjusted 15 cents a share on sales of $11 billion. Wall Street was expecting earnings of 25 cents a share on sales of $13.93 billion in the first quarter. Adjusted earnings rose 110% to 27 cents a share. The Santa Clara, Calif.-based company late Thursday said it earned an adjusted 10 cents a share on sales of $14.04 billion in the December quarter. Intel's PC chip unit saw sales drop 36% to $6.6 billion in the fourth quarter. During the regular session Thursday, Intel stock rose 1.3% to close at 30.09. He reiterated is equal weight, or neutral, rating on Intel stock. On a year-over-year basis, Intel earnings plummeted 92% while sales dropped 28%.

ASIAN semiconductor stocks rose on Friday (Jan 27), dismissing one of the worst outlooks from stalwart Intel as investors look towards an eventual recovery ...

Microprocessor giant Intel Corp says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is ...

"Intel's turnaround is taking some time, exacerbated by the economy, but I believe its plan is working," said Glenn O'Donnell, an analyst at Forrester Research. It tells you that now there's a viable second competitor in the server processor market, who has momentum and is gaining momentum," said Rau. "However, our experts say that it has been a disappointment so far because of Intel’s continuous inconsistency in delivery." However, business tech spending is falling sharply as customers are wary of a recession, and consumer electronics demand has slumped after surging through the COVID-19 pandemic. It says it has passed through the worst of a revamp under a new chief executive. A few years ago, there was a yawning gap between the two company's market valuations. Now, they are both roughly valued at $120 billion, even though AMD's revenues for the 12 months through September were $22.8 billion, far short of Intel's $70 billion. We think that stabilizes this year," Chief Executive Pat Gelsinger told investors on a conference call. Someone going from 1% to 13% is significant. [(NVDA.O)](https://www.reuters.com/companies/NVDA.O) is branching out into central processors and former processor customers, including Apple Inc [(AAPL.O)](https://www.reuters.com/companies/AAPL.O) and Amazon.com Inc [(AMZN.O)](https://www.reuters.com/companies/AMZN.O), are designing their own chips. [revenue outlook](/technology/intel-forecasts-first-quarter-revenue-below-expectations-2023-01-26/) that was short of Wall Street estimates by about $3 billion. Register for free to Reuters and know the full story

Intel (ticker: INTC) shares were down 10% in premarket trading after the chip maker missed expectations for the fourth quarter and provided a revenue forecast ...

](https://www.barrons.com/market-data/stocks/intc) Intel [

Five of the biggest U.S. chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp stumped Wall Street with dismal earnings ...

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Five of the biggest U.S. chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp stumped Wall Street with dismal earnings ...

Intel supplier KLA Corp [(KLAC.O)](https://www.reuters.com/companies/KLAC.O) fell 5% after its [dismal forecast](/technology/kla-forecasts-q3-revenue-below-estimates-2023-01-26/). chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. [(2330.TW)](https://www.reuters.com/companies/2330.TW) to make chips that outpace Intel's technology. [(AMD.O)](https://www.reuters.com/companies/AMD.O) and Nvidia [(NVDA.O)](https://www.reuters.com/companies/NVDA.O) recovered from steep premarket losses to trade flat. Register for free to Reuters and know the full story [(INTC.O)](https://www.reuters.com/companies/INTC.O) was set to erase nearly $10 billion in market value on Friday after the U.S.

Intel's disappointing earnings rippled across chip companies, pulling their shares down Friday. Intel posted a fourth-quarter loss late Thursday, ...

Advanced Micro Devices and Nvidia rose 0.6% and 1.5%, respectively.\n\nSemiconductor companies are suffering from a glut of chips on the market, in stark contrast to the shortages experienced at the height of the pandemic. Intel's disappointing earnings rippled across chip companies, pulling their shares down early Friday before some recovered in afternoon action.\n\nIntel posted a fourth-quarter loss late Thursday, hurt by a souring market for its chips and growing competition from rivals. It said that gloomy market conditions were expected to persist through the first half of this year.\n\nIntel shares tumbled more than 7%, while Applied Materials was down nearly 4%.\nThe PHLX Semiconductor Index was off 0.8%.\n\nSome chip stocks turned back into the green, shaking off earlier declines.

Dow Jones rises after cooling inflation data; Intel discloses largest inventory glut even as fresh curbs on China chip exports are underway.

Box ( [BOX](https://research.investors.com/quote.aspx?symbol=BOX)) also broke out of a flat base with a buy point of 32.10.Titan Machinery ( [TITN](https://research.investors.com/quote.aspx?symbol=TITN)) broke out of a cup-with-handle base and buy point of 43.59 [0S&P5](https://research.investors.com/stock-charts/nyse-s-and-p-500-index-0sandp5.htm?cht=null&type=daily)) [0NDQC](https://research.investors.com/stock-charts/nasdaq-nasdaq-composite-0ndqc.htm?cht=null&type=daily)) [IWM](https://research.investors.com/quote.aspx?symbol=IWM)) [FFTY](https://research.investors.com/quote.aspx?symbol=FFTY)) [ALV](https://research.investors.com/quote.aspx?symbol=ALV)) gained over 7% after earnings. Applied Materials ( [AMAT](https://research.investors.com/quote.aspx?symbol=AMAT)) fell nearly 3%. [CVX](https://research.investors.com/quote.aspx?symbol=CVX)) beat top-line views, with revenue of $56.57 billion against expectations of $52.7 billion. [WIRE](https://research.investors.com/quote.aspx?symbol=WIRE)) broke above a 155.45 entry from a cup base. Earnings of $4.09 per share missed estimates of $4.33 per share. Shares plunged over 10% in early trading but bounced into the noon hour. FactSet had estimated 21 cents per share on $14.49 billion in revenue. The action will most likely affect Dutch lithography machine maker ASML ( The Dow Jones Industrial Average held the bulk of gains at noon Friday. ET and is poised to break resistance along the 200-day moving average for the first time since April 2022.

On Thursday, Intel INTC –7.10% (ticker: INTC ) missed earnings expectations for the fourth quarter and provided a revenue forecast for its March quarter far ...

](https://www.barrons.com/market-data/stocks/intc) It turns out it could. And now it looks like there’s no bottom in sight.

(Bloomberg) -- Intel Corp. is forecasting one of the worst quarters in its history, touching off a broader selloff of chips companies as a slowdown in ...

Intel Corp. is still in the crosshairs of European Union antitrust regulators even after the bloc's second-highest court toppled a €1.06 billion ($1.2 ...

[report](/news/terminal/RP55L2GIPVYE) that the [European Commission](/quote/0629846D:BB) may still levy another penalty because [judges](https://www.bloomberg.com/news/articles/2022-01-26/intel-wins-eu-court-bid-to-annul-1-2-billion-antitrust-fine) had backed one part of the regulator’s original findings stating that “Intel made payments to prevent sales of specific rival products.” [Intel Corp.](/quote/INTC:US) is still in the crosshairs of [European Union](/quote/345300Z:BB) antitrust regulators even after the bloc’s second-highest court toppled a €1.06 billion ($1.2 billion) fine against the chip giant.

Last night after the close, Intel released their 4th quarter earnings and to say they were disappointing would be a bit of an understatement.

As of now, the overwhelming expectation is for a quarter point rate hike next week, followed by another quarter point hike in March. Finally, over in the commodities space, we are seeing a rally in metals. PCE has become a favorite indicator for the Fed and with the FOMC scheduled to meet next week, today’s number could have implications for what the Fed does. In addition to next week’s Fed meeting, we also have earnings later in the week from Alphabet, Amazon The company posted its highest ever annual profit in 2022; however, the company could potentially face risks if the U.S. Gold is on pace to record its sixth consecutive week of gains and is up 20% since September. However, with many people back in offices or having made their purchase in the last couple years, demand for PCs is falling. Today’s month-over-month PCE number came in as expected at 0.3% which was up slightly from 0.2% in December’s report. Heading into Friday, the S&P 500 and Nasdaq 100 are up 2% and 3%, respectively. economy slows down and/or the reopening in China comes under pressure. While the 2.9% annualized growth was stronger than the 2.6% many expected, it was still down from the more recent 3.2%. 2022 was the weakest year for IPOs in twenty years, raising just $8.6 billion.

Dogged by stalled PC sales and tighter IT spending, Intel once again reported down revenues. CEO Pat Gelsinger highlighted progress and plans to remedy the ...

One analyst gives Intel a chance to close the competitive gap with its rivals -- though its margin of error is growing increasingly narrow. It also needs to show momentum with its foundry business, which is a rich opportunity for revenue generation." Intel is actively engaged with seven of its top 10 largest foundry customers and has 43 potential customers and ecosystem partners lined up, Gelsinger said. Intel declined to provide a full-year forecast because of "the uncertainty in the current macro environment," said CEO Pat Gelsinger during the company's quarterly call. "What Intel needs to do is keep putting out new chips that people want to buy; that's fundamentally the bottom line," he said. "But AMD gave them a good kick in the pants with their PCs and Nvidia did the same with AI and graphics chips." "It needs to avoid any missteps, with no excuses offered. The company said it expects first quarter revenues to be in the range of $10.5 to $11.5 billion -- below analysts' expectation of more than $13 billion. That will be followed up in 2024 by Granite Rapids, featuring up to 12 DDR5 memory channels, and Sierra Forest, which will compete directly against AMD's EPYC server chip. We're laser-focused on controlling the things we can such as every aspect of our execution and cost management." The company reported a $664 million net loss, compared with a profit of $4.62 billion in the year-ago quarter. "Clearly the financials aren't what we would hope for," Gelsinger said.

Intel (INTC) CEO Pat Gelsinger pushed back on the notion that his company's turnaround struggles would spell the end of its coveted dividend payout.

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