Will Intel's Q1 earnings plunge as expected or new collaborations/platforms will cushion the drop?
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Intel (NASDAQ:INTC) is scheduled to announce Q1 earnings results on Thursday, April 28th, after market close.
The consensus EPS Estimate is $0.79 (-43.2% Y/Y) and the consensus Revenue Estimate is $18.32B (-7.0% Y/Y).
As the company exited Russian market led by U.S. sanctions, it may face top-line contraction and increased pricing pressure; it may also limit margin expansion in the near term.

Over the last 2 years, INTC has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.
Over the last 3 months, EPS estimates have seen 3 upward revisions and 27 downward. Revenue estimates have seen 27 upward revisions and 1 downward.
The chipmaker now expects initial production shipments of the first Intel-based 7 nm client CPU in late 2022 or early 2023; initial production shipments of Intelâs first in house-based 7-nm data center CPU design are scheduled in the first half of 2023.
For Q1, the company expects revenue at $18.3B which is 1% down Y/Y, gross margin at 52% (-6.8% percentage point Y/Y) and EPS at $0.80 (-40% Y/Y).
In order to gain higher market presence in the IoT business, the company collaborated with Hepsiburada to launch an e-commerce platform for small and medium enterprises in Turkey.
Also, Intel introduced the vPro platform with 12th Gen Intel Core processors for business productivity for rapidly scaling the latter's optimization software across its data center portfolio.
In Q1, Intel announced a deal to acquire Granulate Cloud Solutions for an undisclosed amount.
SA Contributor JR Research analyzes is the stock is a buy, sell or hold ahead of upcoming earnings while Yiannis Zourmpanos believes Intel is a promising turnaround story for patient investors.