Intel share price: what to expect from Q1 results

Investors can expect these results when Intel's Q1 earnings are revealed.

Intel logo before Intel Q1 earnings Source: Bloomberg

What is Intel’s results date?

Intel’s Q1 earnings date is April 25.

Intel results preview: what does the company expect?

Intel’s Q4 2018 earnings were weak amid an oversupply of procesors, a slowing Chinese economy, and a scandal involving a romantic relationship between a former CEO and another employee. Even with a new chief executive officer (CEO), Robert Swan, Intel’s Q1 guidance was weak. The company had worse-than-expected guidance because of ‘weaker modem demand, a slowdown in China [and]cloud customers absorbing capacity.’

Intel also suffered from its partnership with Apple as a supplier of iPhone modems. When Apple had weak iPhone sales in 2018, Intel also had a disappointing quarter.

Apple may also affect Intel’s Q1 revenue because of Qualcomm’s potential agreement to supply modems to Apple’s phones. As a result, Intel has announced it will drop out of the 5G smartphone modem business. Chief executive officer, (CEO), Bob Swan, said that providing phone modems was no longer profitable.

‘In the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns,’ said Swan.

Intel’s share price recently rose after making the decision. Intel’s Q1 profits could get a boost from shifting from modems for devices to a more ‘data-centric’ focus on machine learning and cloud services.

Intel’s Q1 earnings per share are expected to be $0.87, less than Wall Street’s estimated $1.01. Though Intel’s stock has risen almost 25% since the start of 2019, Intel’s Q1 revenue could still plummet down to the own company’s lowered expectations.

How to trade Intel Q1 results

According to Zach’s Equity Research, Intel is listed as a hold because of a continued global economic slowdown. In contrast, Normura Instinets lists Intel as a buy because the firm feels Intel’s Q1 earnings will surpass expectations. Investors will see if Intel’s Q1 2019 earnings will rise after a difficult 2018.


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