US Chipmaker Intel Forecasts Second-Quarter Revenue Above Estimates

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US Chipmaker Intel Forecasts Second-Quarter Revenue Above Estimates


Last Updated: April 28, 2023, 02:31 IST

Intel’s first-quarter income fell 36 % to $11.7 billion. (Image: Intel/Twitter)

Intel’s first-quarter income fell 36 % to $11.7 billion and the semiconductor large posted an enormous lack of $2.8 billion

Chipmaker Intel Corp forecast second-quarter income above Wall Street estimates on Thursday, an indication that chip demand was recovering after a downturn wrought by extra provide and a post-pandemic droop within the private pc market.

The firm forecast second-quarter adjusted income within the vary of about $11.5 billion and $12.5 billion. Analysts polled by Refinitiv had been anticipating income of $11.75 billion.

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