CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Intel Q4 earnings 🕤 What to await in Q4 2023 report?

18:20 25 January 2024

Technology giant Intel (INTC.US) will report Q4 2023 results, today, after the Wall Street session. The industry expects that processor sales may be past their cyclical low, and considerable optimism around AI means that the results could be positively received by the market. Of course, if Intel manages to gain at least some market share in a growing AI market. The company has long been trying to rebuild its position as a global chipmaker, after losing market share to TSMC (TSM.US) and AMD (AMD.US). Will the results challenge the status quo and the enthusiasm of technology investors enough; will the company provide more optimistic forecasts for the rest of the year?

Revenues: $15.2 billion vs. $14 billion in Q4 2022

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

Earnings per share (EPS): $0.44 vs. $0.10 in Q4 2022

Analysts will want to know if Intel has a chance to regain a sizable share of the market for chips used in servers, and if it will be able to provide accurate guidance, for 2024, along with the capabilities of new 'AI computers'. Some forecasts assume that the cyclical recovery of semiconductors, will support the company in 2024, at a time when PC inventories are falling. However, Wolf Research analysts expect fundamental factors to weigh against Intel, which is facing lower cash flow, declining margins and share in a rapidly evolving market. Analysts has become somewhat more optimistic about contract services for chip manufacturing, so-called 'foundries'. These are expected to bring Intel about $343 million in revenue in the new quarter, compared to less than $180 million in Q4 2022. The company's CEO, Gelsinger in December indicated that the company was finalizing a deal with a third-party customer (out of two so far).

Core Ultra gives a hope?

  • Intel is trying to promote its own AI in the wave of Core Ultra chips, for PCs (debuting in December 2023). W. Intel will allow them to run AI applications, directly on laptops and desktops, and improve sales performance in 2024.
  • Also due to 'cyclicality' - the company estimates that consumers and corporate customers who bought new laptops and desktops at the start of the pandemic will slowly start looking for more powerful replacement devices. Wall Street, too, has reason to believe that the computer market will gradually emerge from its seasonal slump in 2024. Revenue from the computer segment is expected to reach $8.4 billion, compared to $6.6 billion in Q4 2022. 
  • Core Ultra includes a so-called NPU, which allows computers to run some AI applications without the required access to the cloud (no online status required). According to analysts, this may be of interest to companies and those seeking greater privacy.
  • It is still unclear how useful embedded AI will be for consumers, as Intel itself is unsure what it will offer beyond a GPT-like chatbot or image editing tools. Against this backdrop, we can expect that any announcement indicating that Intel will not be an AI 'marauder' could bring quite a positive surprise.

Data centers and AI

Wall Street will pay considerable attention to Intel's data center and AI revenues. These are expected to be around $4.1 billion in Q4 2023, compared to $4.4 billion in Q4 2022. Here Wall Street can be seen to be quite skeptical, and it seems that this is the segment that will electrify investors the most, especially after CEO Pat Galsinger suggested that the AI & Data Centers business is Intel's chance to beat rivals Nvidia and AMD. In December, the company unveiled Gaudi3, an AI gas pedal dedicated to software AI, with a particular focus on generative AI. On Wednesday, Intel announced the opening of its newest chip manufacturing facility in New Mexico. 

Intel shares (INTC.US)

Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr SÄ…dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence