X User Forecasts Intel Q3 Revenue at $16.4 Billion to $16.8 Billion

An X post attributed to qinbafrank forecasts Intel's third-quarter revenue at $16.4 billion to $16.8 billion, as the company's results are due after the U.S. market closes Thursday, Oct. 29.

qinbafrank estimates adjusted earnings of $0.40 to $0.45 per share, or about $0.42, and an adjusted gross margin of 42% to 43%.

The revenue range's midpoint, about $16.6 billion, is close to the $16.5 billion analyst estimate in an earlier Intel earnings preview. That preview also listed adjusted earnings expectations of $0.40 per share.

For the fourth quarter, qinbafrank expects the midpoint of Intel's revenue guidance to fall between $17.1 billion and $17.5 billion and the midpoint of its adjusted earnings guidance to fall between $0.44 and $0.50 per share. The forecast puts adjusted gross margin guidance at about 42.5% to 44%.

The revenue estimate falls within Intel's July outlook of $15.8 billion to $16.8 billion, while the forecast's adjusted-earnings midpoint is above the outlook's $0.38 per share. These are qinbafrank's estimates, not figures issued by Intel.