Expectations are surging high for Intel Q1 results as analyst all around expecting big from the company this time. Wall Street is expecting Intel to report first quarter earnings of 50 cents a share on revenue of $12.84 billion. For the second quarter outlook, Wall Street is expecting earnings to jump to 55 cents a share on revenue of $13.45 billion.
What analysts say?
- Piper Jaffray analyst Auguste Gus Richard: Intel will have two things in its favor for the first and second quarters. Hard drive shortages are getting better and that means Intel can move more systems (and the chips that go with them). Meanwhile, Intel’s launch of its new Ivy Bridge processor will fuel systems.
- Evercore analyst Patrick Wang: Much of the first half upside is being driven by product builds and downstream inventory restocking for IVB and Ultrabooks (think retail). But in order to sustain this momentum, we’ll need to see demand pick up to digest this inventory.