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Intel (INTC) Set to Announce Quarterly Earnings on Tuesday

Intel Corporation (INTC), an American multinational corporation and a leading manufacturer of microprocessors, is set to announce its quarterly earnings results for the fourth quarter of 2021 on Tuesday, January 25, 2022, after the market closes. The earnings report will provide insights into Intel's financial performance during the last three months of the year and will be an essential indicator of the company's overall health and future prospects.

Intel is a significant player in the technology industry, with a market capitalization of over $200 billion as of January 2022. The company's products include microprocessors for personal computers, servers, and other devices, as well as network equipment, programmable semiconductors, and memory products.

In the third quarter of 2021, Intel reported strong earnings results, with revenue of $19.6 billion and earnings per share of $1.28, beating analysts' expectations. The company's PC business performed particularly well due to the ongoing shift to remote work and learning during the pandemic. Intel's data center business also saw growth due to increased demand for cloud computing and artificial intelligence.

However, Intel has faced challenges in recent years, including intense competition from Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing Company (TSMC) in the manufacturing of leading-edge chips. Intel has been investing heavily in its manufacturing capabilities and has announced plans to build two new chip factories in Arizona, which are expected to begin production in 2024.

Investors and analysts will be closely watching Intel's earnings report for signs of continued growth in its PC and data center businesses, as well as updates on the company's manufacturing plans and any potential impact from ongoing supply chain disruptions and inflationary pressures. Additionally, any guidance provided for the upcoming quarter and beyond will be closely scrutinized for indications of future revenue and profitability.

The earnings call is scheduled for 4:30 PM ET on January 25, 2022, and will be webcast live on Intel's investor relations website. The earnings report and related materials will be made available after the market closes. Analysts and investors will have an opportunity to ask questions during a conference call with Intel management following the release of the earnings report.


Published 28 days ago

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