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Intel earnings set for July 23 as traders eye leveraged INTC ETF
Analysts expect Intel to report second-quarter EPS of 21 cents on $14.4 billion in sales, with options markets implying a post-earnings move of up to 15%.
Intel is scheduled to report quarterly results on Thursday, July 23, with semiconductor stocks pressured by a recent retrenchment in the artificial intelligence trade, according to ETFTrends as syndicated by Yahoo Finance.
The preview points to Intel (INTC) as a potential focus for short-term traders, highlighting the Direxion Daily INTC Bull 2X ETF (LINT), which targets 200% of the daily returns of Intel stock.
Analysts expect Intel to deliver second-quarter earnings per share of 21 cents on revenue of $14.4 billion. Options-market indicators cited in the article suggest Intel shares could swing by as much as 15% after the report.
The piece also flags potential catalysts, including Intel commentary on custom ASIC efforts and manufacturing capacity, especially around the 18A node. It notes that the company has been seen as constrained by supply rather than demand, with forecast gross margin of 34.5%, down sequentially from 37.9% in Q4, reflecting more 18A volumes at low initial yields and a shift in product mix toward externally sourced client wafers.