Intel to report Q3 earnings as Wall Street looks for signs of improvements at chipmaker

Published On Oct 31, 2024, 11:51 AM

Intel is reporting its Q3 earnings soon, with expectations of a loss per share of $0.03 on revenue of $13 billion, down from earnings of $0.41 per share last year. The Client Computing segment, which includes laptop and desktop chips, is projected to decline in revenue by about 5%. However, there’s possible growth in Intel's data center and AI segment, anticipated to rise slightly from last year. Intel has secured agreements for custom chips with Amazon Web Services and Microsoft, though it faces ongoing challenges including previous manufacturing setbacks and stiff competition from AMD and Nvidia.

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Intel continues to struggle amidst a significant drop in its stock and challenges in chip manufacturing. Although the company is taking steps to improve by forming new partnerships, revenue declines in key areas suggest potential difficulties ahead.

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