Intel (INTC) will report second-quarter earnings after the bell Thursday, with investors likely watching for updates on its outlook, as well as its foundry business and the company’s potential to benefit from artificial intelligence (AI) demand.
Analysts expect the chipmaker to report a loss of $448.05 million or 11 cents per share, widening from the prior quarter as research and development costs rise, after reporting a profit in the year-ago period. The company is projected to report revenue of $12.94 billion, which would be a slight decline from a year earlier.
Investors will likely pay close attention to Intel’s outlook, after shares tumbled in the wake of its first-quarter report on the chipmaker’s weak revenue guidance. Bank of America analysts said at the time that Intel’s second-quarter guidance showed “topline growth remains lukewarm on limited AI exposure,” with “underutilized manufacturing and elevated costs.”
However, Melius analysts suggested earlier this month that the “AI …