Annual Report. At least its clear for laptops where people are snapping up the affordable ones so that its easier for 2 or more to work/ study from home. In either case, the Tiger Lake lineup will likely serve to bolster Intel's already-expansive portfolio of Comet Lake systems, so it's hard to make a direct comparison. It was a solid quarter, but its 7nm process will be delayed, with the chips likely not coming until at least 2022. Zacks Equity Research Recent revisions tend to reflect the latest near-term business trends. Nvidia (NVDA) - Get Report also is cashing in on the day, up over 2% while the Nasdaq is lower. Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be October 22, 2020. Here's how to trade the stock. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. For the quarter, Intel's PC business (CCG) notched $9.8 billion in revenue, a 14% YoY increase. Intel says its 7nm chips remain on the starting blocks for the fourth quarter of 2021. These returns cover a period from January 1, 1988 through August 31, 2020. Despite the Tiger Lake and Ice Lake rollouts, the company doesn't foresee its 10nm production overtaking its 14nm output this year, and even stated that 14nm would remain its dominant node throughout 2021, which isn't surprising given its earlier statements. Intel Corporation (INTC) - free report >>. Sep 21, 2020 10:45 am EDT. However, amid these uncertain times, another certainty remains: Forward progress is paramount. You will receive a verification email shortly. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Intel Q2 2020 Financial Results (GAAP) Q2'2020: Q1'2020: Q2'2019: Revenue: $19.7B: $19.8B: $16.5B: Operating Income: $5.7B: $7.0B: $4.6B: Net Income: $5.1B: $5.7B: $4.2B The Semiconductor - General was holding an average PEG ratio of 2.93 at yesterday's closing price. Bloomberg's explosive report today that Apple will shift to producing its own 5nm chips for laptops also hung thick in the air, with both factors contributing to Intel's stock taking a 5% hit in after-hours trading. This includes personalizing content and advertising. NYSE and AMEX data is at least 20 minutes delayed. If you do not, click Cancel. Coming into July, I mapped the potential breakout in AMD and mentioned a potential upside target of $67.87, which is the 138.2% extension. Intel (INTC - Free Report) closed the most recent trading day at $51.69, moving +1.33% from the previous trading session. For over three decades, our Strong Buy list has averaged returns more than twice the market. October 05, 2020. Aug 25, 2020. Audio Webcast. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The company reported profit of $1.23 a share, 12 cents ahead of … First generation Ryzen and threadripper were quirky, that's for sure. Future US, Inc. 11 West 42nd Street, 15th Floor, Receive news and offers from our other brands? At the same time, the Dow added 1.68%, and the tech-heavy Nasdaq gained 2.33%.
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