Intel’s New CEO Will Make His Earnings Debut As we speak

Lip-Bu Tan, the microphone is yours. 

Tan, named CEO of chipmaker Intel (INTC) in mid-March, hasn’t been invisible since his appointment. He gave the keynote deal with at an organization occasion later that month, coming onstage in sneakers and a go well with, sans necktie, and admitting in a speech that “there are areas we have now fallen in need of your expectations.”

Nonetheless, this afternoon will carry the primary quarterly earnings report and convention name beneath his management. Traders—who bid the fill up after he was named, however have seen the shares surrender most of these beneficial properties—are desperate to be taught what could be subsequent. (A tough 2024 for the corporate and its inventory contributed to the December retirement of the previous chief, Pat Gelsinger.)

That may put the give attention to Tan’s subsequent steps. Traders have been broadly enthusiastic about the potential of offers for Intel—some time in the past, there have been even rumblings relating to a attainable sale of the corporate itself—however there was comparatively little smoke on that entrance in current weeks.

Nonetheless, there was information to digest. The corporate just lately mentioned it might promote a 51% stake in its Altera programmable chips unit to tech-focused personal fairness agency Silver Lake. And reviews have described a attainable chipmaking three way partnership with Taiwan Semiconductor Manufacturing Co. (TSM), although TSMC threw some chilly water on the thought final week.

“TSMC is not engaged in any dialogue with different corporations relating to any three way partnership, expertise licensing or expertise switch and sharing,” CEO C.C. Wei mentioned on a convention name, a transcript of which was made accessible by AlphaSense.

For probably the most just lately accomplished quarter, Wall Avenue analysts count on Intel to report income of $12.3 billion and adjusted internet revenue of $41.6 million, in response to the imply compiled by Seen Alpha.

Wall Avenue might re-rate the inventory after as we speak’s report, however for now the watchword appears to be warning. All of the analysts following the corporate and tracked by Seen Alpha have impartial scores, although their imply goal just below $23 represents a roughly 10% premium to Wednesday’s shut at $20.59. The inventory was up about 2% in current buying and selling forward of the report.

UPDATE—April 24, 2025: This text has been up to date because it was first printed to mirror newer analyst estimates and share worth values.