First-quarter revenue will be US$11.7 billion to US$12.7 billion, the Santa Clara, California-based semiconductor company said Thursday in a statement, missing the US$12.85 billion average analyst estimate. Profit excluding some items will be break-even, compared with the 8 cents a share analysts were projecting.
Intel Corp reported better-than-feared fourth-quarter revenue, but warned that its return to competitiveness will take time.
While the US$14.3 billion in fourth-quarter sales beat estimates, part of that was from customers ordering ahead of possible US tariffs, the company’s leaders said. First-quarter sales will fall short of analysts’ projections because of weaker demand and competitive pressure, they cautioned.
