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Intel s Sales Forecast Falls Short as Data Center Unit Sags

SYNDICATED 7 hours ago (Bloomberg) Intel Corp., the world’s biggest semiconductor maker, gave a lackluster third-quarter sales forecast, indicating its data-center chip business continues to suffer market-share losses in the face of stiffer competition.Sales in the current period will be about $18.2 billion, Intel said in a statement Thursday. That compares with average analyst projections of $18.3 billion. Adjusted gross margin, a measure of. Posted by

Intel Server-Chip Woes Drag on Sales Forecast; Shares Slump

Intel Server-Chip Woes Drag on Sales Forecast; Shares Slump Bloomberg 9 hrs ago © Bloomberg Inside The Tokyo Game Show 2017 (Bloomberg) Intel Corp. Chief Executive Officer Pat Gelsinger said the worst of a sales slump has passed and struck a bullish tone about the chipmaker’s prospects for the rest of the year and beyond. Investors are waiting to see proof that the company can regain dominance in the semiconductor industry. Popular Searches The key to winning them over will be Gelsinger’s ability to lure back some of the largest companies in technology cloud giants like Amazon.com Inc. and Alphabet Inc.’s Google whose purchases of server chips for data centers have been a main engine of Intel’s profit and growth.

Intel s Sales Forecast Falls Short as Data Center Revenue Sags

Jul 23 2021, 6:41 AM July 23 2021, 1:58 AM July 23 2021, 6:41 AM (Bloomberg) Intel Corp., the world’s biggest semiconductor maker, gave a lackluster third-quarter sales forecast, indicating its data-center chip business continues to suffer market-share losses in the face of stiffer competition. (Bloomberg) Intel Corp., the world’s biggest semiconductor maker, gave a lackluster third-quarter sales forecast, indicating its data-center chip business continues to suffer market-share losses in the face of stiffer competition. Sales in the current period will be about $18.2 billion, Intel said in a statement Thursday. That compares with average analyst projections of $18.3 billion. Adjusted gross margin, a measure of profitability, will be about 55%, the company said, and per-share profit is forecast to be $1.10.

Intel Server-Chip Woes Drag on Sales Forecast

Intel Server-Chip Woes Drag on Sales Forecast
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