Intel Corporation (INTC), a titan in the world of semiconductors, will report its fiscal 2024 second-quarter earnings on August 1. In this piece, we will determine whether Intel can surpass earnings expectations in its upcoming report.
For the second quarter (ended June 2024), analysts expect a slight year-over-year revenue increase to $13.02 billion, contrasting with the 8.6% growth seen in the preceding quarter. The company's adjusted earnings per share are forecasted to sit at $0.10, down 19.5% year-over-year. Nevertheless, the company has an impressive surprise history, beating the consensus revenue estimates in three of the trailing four quarters.
