SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AMD, ARMH, INTC, NVDA
AMD 158.38-0.8%3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Frank Sully10/22/2021 11:12:27 AM
of 56294
 
Intel: Keeps Getting Worse

Oct. 21, 2021 10:13 PM ET

Excerpt:

The company has guided to a Q4'21 revenue goal inline with analyst targets around $18.3 billion while the EPS guidance is below estimates at $0.90. What really stands out with guidance is the gross margin target of 53.5%. Intel has now forecast the typically strong Q4'21 revenues will generate a 650 basis point hit to gross margins after just reporting a quarter with 56.5% margins.

In essence, Intel will report a EPS of just $0.90 after hitting $1.52 last Q4. The company is forecasting revenues falling again. The indications remain that Intel is picking up low margin CPU chip deals while competitors AMD ( AMD) and Nvidia ( NVDA) are taking the higher margin chips in data centers.

Ugly Setup

Heading into these quarterly results, Intel was already facing tons of lost market share to AMD and Nvidia. These chip companies have been growing revenues at 40%+ annual clips while Intel can't even grow anymore.

seekingalpha.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext