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This looks like some big bath accounting by Intel. Getting all the bad news out of the way in what was expected to be a bad year anyway. The next couple of yea
by drumhead 3y ago
This looks like some big bath accounting by Intel. Getting all the bad news out of the way in what was expected to be a bad year anyway.
The next couple of years will be make or break for them, so Im expecting to see some good things coming out of their pipeline.
- RandomWorker 3y agoDoesn’t the bathing come in the form of write offs and investments? Sales decline is never good. But it’s hard to say they have any good products Ive considered buying in the past two years or so. I actively right now wouldn’t consider a pc option if it came with intel.
- jross225 3y agoHaven't read the report, but accounting tricks like deferring revenue to the next period and writing down receivables would affect revenue/earnings.
- kgwgk 3y ago> Sales decline is never good. It can make future results look better. If you don't mind reducing revenue now you may get in exchange more revenue in the future - and a more favourable baseline for growth calculations.
- zpeti 3y agoStock is up 5% as of posting this, so I think the market already priced in something even worse potentially.
- Aromasin 3y ago36% down YoY, but they beat investor Q1 consensus. Analysts predicted worse than this, so they've exceeded market expectations. Sapphire Rapids is only just starting to ramp sales, and the Emerald/Granite Rapids & Sierra Forest roadmaps are on track, which is the first time the Xeons have looked healthy in nearly 4 or 5 years. They trimmed the fat by selling off all businesses but their core ones, and are announcing IFS customers every other week. I'm not surprised investors are starting to move.