Wall Street isn't bullish on Intel's PC business

Wall Street forecast that Intel's fourth-quarter GAAP and non-GAAP revenue will reach 18.3 billion US dollars, which will be lower than the previous year's revenue. Analysts believe the main drag on Intel's performance is expected to come from the PC components business, which accounts for more than half of Intel's total revenue. Analysts forecast sales to fall 1.9% year over year. If Intel can meet the growth in market demand at a time when other companies are struggling, it could be a surprise on this front.

The current consensus among Wall Street analysts is that full-year results are expected to beat estimates, demand should continue to rise in its higher-margin data center segment, which analysts forecast 10% growth, and other segments include autonomous vehicle system Mobileye, Strong double-digit growth will also be reported. Intel's 2022 outlook will be closely watched, especially around profit margins, which have contracted in recent years. Intel is currently expected to target non-GAAP revenue of $17.4 billion, GAAP revenue of $17.7 billion, adjusted EPS of $0.86, and reported EPS of $0.74 for the first three months of 2022.

Intel announced that it will release its fourth-quarter 2021 financial report after the U.S. stock market closes on January 26.

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