Intel Stock in Focus Ahead of Q3 Earnings Amid Chip Sector Optimism
Intel's third-quarter earnings report on October 23 arrives amid a 64% stock surge since July, fueled by strategic partnerships with Nvidia, SoftBank, and U.S. government contracts. Susquehanna analyst Christopher Rolland anticipates in-line results but warns of guidance headwinds from the Altera divestiture.
The September 12 sale of Intel's 51% stake in Altera will reduce Q3 revenue by $75 million, with a projected $450 million quarterly impact beginning Q4. The loss of Altera's premium 55% gross margins is expected to pressure consolidated margins by 80 basis points.