by Jane Lanhee Lee and Chavi Mehta
(Reuters) – Intel on Thursday reported a current-quarter revenue forecast that fell short of Wall Street expectations, despite optimism over its sales, a sign that the semiconductor maker is struggling. to rake in revenue as global demand for chips rebounds.
In post-closing trading, the group’s stock fell 2%, while it had risen more than 10% since the start of the year after a complicated 2022.
Some semiconductor industry experts believe the roughly 30% drop in global PC computer shipments in the first quarter may have stemmed inventory accumulation and paved the way for new orders. Intel said it expects current-quarter revenue with a median of $12 billion, above the consensus of $11.75 billion, according to Refinitiv data.
He anticipates an adjusted loss of 4 cents per share over the April-June period, against a profit of one cent per share expected by analysts.
In the first quarter, revenue in the division combining data centers and artificial intelligence fell 39% to $3.7 billion, while that of the consumer computing division plunged 38% to 5, $8 billion.
Intel reported first-quarter revenue of $11.72 billion, versus consensus of $11.04 billion, with an adjusted loss of 4 cents per share versus a loss of 15 cents per share expected by investors. analysts.
(Report Chavi Mehta; Jean Terzian)
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