Intel falls, AMD eats its fill! Wall Street predicts a significant decline in Intel's Q3 revenue
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发表于 5 天前
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① On Thursday, US time, Intel will release its quarterly financial report for the third quarter Wall Street analysts believe that Intel will report a poor performance with Q3 revenue down 8%, marking the largest decline in five quarters.
Intel will release its quarterly financial report on Thursday US time, but according to Wall Street speculation, this report is bound to not look too good.
As the losses in its OEM business continue to increase, Wall Street expects Intel's revenue to decline by 8% in the third quarter ending September 30, marking the largest revenue decline in five quarters. This also means that Intel's share of data center and personal computer businesses is declining.
Since the beginning of this year, Intel's stock price has fallen by over 50%, and its market value has also fallen below $100 billion, making it the worst performing tech giant. This is also related to the disconnect between Intel's business and the artificial intelligence boom.
On the other hand, although Intel has been promoting its advanced chip foundry technology, the 18A, which has made progress and will be launched in 2025, so far this technology has not seen any strength comparable to TSMC. This has also raised doubts among many investors, who even hope that Intel can divest this continuously losing OEM business.
Rosenblatt Securities analyst Hans Mossmann once commented that Intel shareholders are thinking about two things: "Can this problem be solved?" and "Who will solve this problem
According to some analysts, Intel's losses are largely due to its chip foundry business. Synovus Trust portfolio manager Daniel Morgan and Gabelli Funds analyst Ryuta Makino both said that if Intel sells its foundry business, its performance will be much better.
Industry estimates suggest that due to significant investments in operating and expanding wafer fabs, Intel's foundries will incur operating losses of $2.55 billion this quarter, which will drag down Intel's gross profit margin by more than 7 percentage points. Analysts predict that it will drop to 37.9% in the third quarter.
In addition, the sales of Intel's personal computer division are not optimistic, with Wall Street consensus that it will decline by more than 6% in the third quarter.
In this way, Intel's competitor AMD may benefit. AMD, which has also made achievements in personal computer chips, reported good performance in its CPU business in its third quarter financial report, with a year-on-year growth of 26.7%.
At the same time, AMD's growth in data center business is also very rapid, with quarterly revenue reaching $3.5 billion, a year-on-year increase of 122% and a quarter on quarter increase of 25%. Intel's data center business is expected to experience a revenue decline of approximately 10%, marking the tenth consecutive quarter of decline.
Gabelli Funds' Makino said that it would be very surprising if negative news continued to spread about Intel, which has already been scrutinized by Wall Street. That may indicate that Intel's downward trend is even more severe than the market believes.
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声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
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