Intel to report Q1 earnings, its first since appointing Tan as newest CEO

Intel (INTC) will report its first quarter earnings on Thursday, the corporate’s first since Lip-Bu Tan took the reins of the ailing chip big final month.

Intel is not simply coping with bringing on a brand new CEO amid a large turnaround, although. Like the remainder of the tech trade, it is also girding itself for the potential influence of President Trump’s commerce struggle with China.

Whereas Intel produces the majority of its chips within the US, it’s nonetheless prone to tariffs on laptops and different programs inbuilt China. And whereas laptops and different computer systems are exempt from tariffs for now, the Trump administration has mentioned that it plans to reintroduce duties on these gadgets when it launches tariffs on semiconductors within the coming weeks and months.

Intel inventory is down greater than 2% yr so far and 43% over the previous 12 months.

For the primary quarter, Intel is predicted to report adjusted earnings per share (EPS) of $0.01 on income of $12.3 billion, in line with Bloomberg consensus estimates. That is down from the $0.18 per share and $12.7 billion Intel reported in the identical interval final yr.

Analysts anticipate Intel to report shopper computing income of $6.9 billion, down from $7.5 billion in Q1 2024, with each laptop computer and laptop chip gross sales declining yr over yr.

However Intel may gain advantage from pull ahead of laptop computer and desktop gross sales as prospects scrambled to get of their purchases forward of Trump’s April 2 “Liberation Day” tariff bulletins, in line with Bernstein analyst Stacy Rasgon. However that would harm the corporate within the again half of the yr.

“For Intel we alter estimates, placing in a little bit of client-related upside within the 1H to replicate potential for pull-forward / channel fill within the wake of tariff dynamics, however now adopted by a 2H channel flush; we additionally take our 2025 PC progress assumptions from [low single-digits] to flat [year-over-year],” he wrote in a be aware to buyers.

Learn extra: The most recent information and updates on Trump’s tariffs

Information middle and AI phase income is anticipated to high out at $2.9 billion, down from $3.0 billion. Intel Foundry is about to come back in at $4.3 billion, simply off final yr’s $4.36 billion in income.

Throughout his first public feedback as CEO at Intel Imaginative and prescient 2025, Tan laid out his plans for the corporate whereas acknowledging the burden of the duty forward of him.

“For fairly a very long time, we fell behind on innovation. In consequence, we’ve got been too sluggish to adapt and to satisfy your wants. You deserve higher, and we have to enhance. And we’ll,” Tan mentioned throughout the occasion.