Is It Too Late for Intel to Strike Back Against AMD?
The world's biggest PC and server CPU maker is still facing an existential crisis.
Intel (NASDAQ: INTC) recently posted its first-quarter earnings report. The chipmaker's revenue came in flat year over year at $12.7 billion, which still beat analysts' estimates by $390 million. Its adjusted earnings per share (EPS) fell 28% to $0.13 but still cleared the consensus forecast by $0.13. Those headline numbers seemed stable, but its guidance was grim.
For the second quarter, it expects its revenue to decline from 3% to 13% year over year (compared to analysts' expectations for sales to remain flat), with an adjusted EPS of zero -- which also missed the consensus forecast of $0.07.
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