What You Need To Know Ahead of Intel’s Earnings Report Thursday [Video]

Intel (INTC) is set to report first-quarter earnings after the bell Thursday, with investors watching for data center and artificial intelligence (AI) revenue growth at the technology company, along with any updates on its foundry business.

Analysts project Intel’s revenue to be $12.95 billion for the first quarter of 2024, down from the previous quarter, but higher than the same period in 2023, according to estimates compiled by Visible Alpha. Historically, Intel has experienced a seasonal decline in the first quarter.

Adjusted net income is expected to be $593.5 million, a significant drop from the final quarter of 2023, but a reversal from the same period the year before, when the company recorded a net loss of $167 million. Analysts expect adjusted diluted earnings per share (EPS) to come in at 14 cents, swinging from a 4-cent loss in the same period a year earlier.

Intel also will report its data-center and AI revenue …