Intel's Revenue Forecast Misses Estimates Amid Capacity Constraints

Intel's revenue forecast fell short of estimates due to capacity issues, causing a 13% stock drop. Demand for AI server chips outpaces production.

洞察:
Intel Corporation announced a quarterly revenue forecast between $11.7 billion and $12.7 billion, falling short of the $12.51 billion anticipated by analysts. The company also projected adjusted earnings per share to break even, below the expected 5 cents per share. This announcement led to a 13% decline in Intel's stock during after-hours trading.
FILE PHOTO: A smartphone displaying the Intel logo is positioned on a computer motherboard in this illustration created on March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A smartphone displaying the Intel logo is positioned on a computer motherboard in this illustration created on March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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