Published on 24 Apr 2024 on Zacks via Yahoo Finance
Intel Corporation INTC is scheduled to report first-quarter 2024 results on Apr 25 after the closing bell. In the to-be-reported quarter, the company is likely to have recorded higher revenues year over year from the Client Computing Group (CCG), backed by a strong emphasis on product innovation. Efforts to increase efficiency in semiconductor manufacturing and improve the supply chain are positive factors.
Factors at Play
CCG is the company’s largest segment and accounts for the lion’s share of total revenues. It includes computer CPUs, several server boards, form factor systems and graphic products.During the first quarter, the company launched Intel Core 14th Gen i9-14900KS processors, which is reportedly the world’s fastest desktop processor, delivering up to 6.2 gigahertz (GHz) max turbo frequency. The superfast processor will enable gamers to experience up to 15% better performance and benefit content creators with up to 73% performance improvement in compute-intensive workflows, such as 3D production multitasking versus competition. These are likely to have generated incremental revenues in the first quarter.In the quarter, Intel launched market-leading silicon-enforced virtualization capabilities for the automotive industry, which offers one of the most efficient approaches in architecting a software-defined vehicle (SDV) – one that delivers 99% efficiency and zero latency. With high quality and personalized experiences, this performant compute platform with space for multiple software workloads is likely to unlock the next-gen vehicular experience for SDV. This is likely to get reflected in the upcoming results.During the quarter, Intel introduced Continuous Profiler to open source -- a solution that combines multiple profilers into one view as a flame graph – in order to boost the open ecosystem approach to catalyze innovation and increase productivity for developers. It helps to identify production bottlenecks, improves throughput, reduces latency and optimizes performance.The company also launched the new vPro platform with Intel Core Ultra processor that delivers enhanced power efficiency. With dedicated AI acceleration capability spread across the central processing unit, graphics processing unit and the new neural processing unit, it will unlock an endless new wave of AI experiences across all apps. All these are likely to have translated into additional revenues for the segment in the first quarter.