Intel is set to post its second-quarter results Thursday after the market closes. Here’s what you need to know.
REVENUE: The semiconductor giant is expected to report $12.13 billion in revenue, down from $15.32 billion in the year-ago period, according to FactSet.
ADJUSTED EARNINGS: The Santa Clara, Calif.-based company is expected to post an adjusted loss of 4 cents a share, compared with adjusted earnings of 29 cents a share a year earlier, according to FactSet.
NET INCOME: Intel is expected to widen its loss to $2.52 billion from $454 million in the prior-year period, according to FactSet.
WHAT TO WATCH
— RESULTS: Intel’s results will be closely examined after reporting a sharp decline in sales and its largest-ever quarterly loss in April. The company at the time said it would remain in the red while the market recovers from a steep fall in personal computer sales that hit its business.
— INVESTMENTS: While Intel’s challenges go beyond the current down cycle, it has issued a number of plans to support its turnaround efforts. Among those include plans to build a semiconductor assembly and test facility in Poland, and a deal with Germany to invest in two semiconductor facilities in the country.