Intel: Q4 Earnings Will Be The Moment Of Truth


  • The PC market slowed down dramatically in the fourth quarter, indicating that Intel will report weak earnings next week.
  • The PC market down-turn accelerated in Q4’22 and it will likely result in a very disappointing FY 2023 outlook for Intel.
  • Intel’s projected FCF loss of $2-4B in FY 2022 could have been avoided if the company decided to eliminate its dividend.
  • Continual PC market weakness and deteriorating consumer demand could force Intel to cut its dividend in FY 2023.
Intel Headquarters in Silicon Valley

Sundry Photography

Intel (NASDAQ:INTC)’s business is going through a major cyclical post-pandemic adjustment period and it has resulted in a major down-ward revaluation in the chip maker’s valuation this year: Intel’s shares have declined 44% in the last twelve months and although

Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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