Intel: Brace For Impact

Oct. 18, 2022 2:00 AM ETIntel Corporation (INTC)91 Comments
The Asian Investor profile picture
The Asian Investor
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Summary

  • Shipments projections from consulting firm Gartner reveal that the downfall of the PC market gained momentum in the third quarter.
  • Even though Intel's EPS expectations have already been lowered, Intel’s Q3’22 results, which are due in about two weeks, are not going to be great.
  • The risk is high that Intel will have to cut its FY 2022 guidance a second time.

Entrance of The Intel Museum in Silicon Valley.

JHVEPhoto/iStock Editorial via Getty Images

Intel (NASDAQ:INTC) is going to submit its earnings sheet for the third-quarter very soon -- the release date is scheduled for October 27, 2022 -- and the chip maker could be headed, I believe, for another disaster earnings report. This is

Gartner: Q3'22 Global PC Shipments

Gartner: Q3'22 Global PC Shipments

Seeking Alpha: Intel Q3'22 Estimates

Seeking Alpha: Intel Q3'22 Estimates

Chart
Data by YCharts

This article was written by

The Asian Investor profile picture
17.2K Followers
I look for high-risk, high-reward situations. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Early buyer of cryptocurrencies. I live in Thailand :)

Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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