The struggling semiconductor giant Intel is preparing the stock market for further difficult business. (archive picture)
Keystone
Intel has been struggling with problems for years. The past quarter went well - but the forecast for the current quarter is below expectations.
Keystone-SDA
30.01.2025, 22:45
SDA
The crisis-ridden semiconductor giant Intel is preparing the stock market for continued difficult business. The sales forecast for the current quarter fell short of analysts' expectations. Intel is still looking for a new boss after the departure of long-time CEO Pat Gelsinger in December.
Intel forecast revenues of between 11.7 billion and 12.7 billion dollars for the current quarter. Analysts had expected an average of around 12.9 billion dollars.
In the previous quarter, sales fell by seven percent to 14.3 billion dollars. However, Intel hit the upper end of its own forecast and beat analysts' expectations. The share price rose by a good two percent at times in US after-hours trading.
On balance, Intel posted a loss of 126 million dollars in the last quarter after a profit of 2.67 billion dollars a year earlier.
Intel once dominated the semiconductor market, but has been struggling with problems for years. Graphics card specialist Nvidia has conquered a leading position, particularly in the business with chips for artificial intelligence. Intel is also under greater pressure in its traditional business with PC processors and chips for data centers.