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The microphone is yours, Lip-Bu Tan.
Tan, who became CEO of Intel in mid-March, isn’t invisible. He gave a keynote address at an event held by the company later that same month. He appeared on stage in sneakers and a jacket, without a necktie.
This afternoon, however, will see the first quarterly earnings call and conference under his leadership. Investors—who bid the stock up after he was named, but have seen the shares give up most of those gains—are eager to learn what might be next. Pat Gelsinger, the former CEO, retired in December due to a rough 2024 outlook for the company.
Tan’s next moves will be centered around this. Investors have been broadly excited about the possibility of deals for Intel—a while ago, there were even rumblings regarding a possible sale of the company itself—but there has been comparatively little smoke on that front in recent weeks.
There are still some news to digest. The company recently announced that it would be selling a 51% stake of its Altera unit for programmable chips to tech-focused, private equity firm Silver Lake. There have been reports of a possible chipmaking partnership with Taiwan Semiconductor Manufacturing Co.
"TSMC is not engaged in any discussion with other companies regarding any joint venture, technology licensing or technology transfer and sharing," CEO C.C. AlphaSense has made a transcription of Wei’s comments on a recent conference call.
According to Visible Alpha, Wall Street analysts expect Intel’s most recent quarter to report revenue of $12,3 billion and adjusted net profit of $41.6million.
Wall Street could re-rate this stock after today’s announcement, but caution seems to be the watchword for now. All the analysts following the company and tracked by Visible Alpha have neutral ratings, though their mean target just under $23 represents a roughly 10% premium to Wednesday's close at $20.59. The stock rose about 2% during recent trading before the report.
UPDATE—April 24, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.
