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Barchart
Barchart
Jabran Kundi

INTC Stock: What to Watch Before Earnings on October 22

Intel (INTC) heads into its Oct. 22 report on a strong run. It has beaten its own guidance for seven straight quarters. Last quarter, revenue rose 25% to $16.1 billion, its fastest growth in more than 15 years. Data center sales jumped 59%, and adjusted earnings of $0.42 per share came in at double what analysts expected. Given that track record, another beat is likely already expected. For the third quarter, Intel guided revenue of $15.8 billion to $16.8 billion, roughly flat with the second quarter. That’s unusual, since the third quarter has historically been stronger for Intel. CFO Dave Zinsner said Intel can’t make enough chips to meet demand.

The Fourth-Quarter Outlook Could Matter More

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