Intel Corporation is expected to release its first-quarter earnings report after the markets in the United States close on Thursday. The chipmaker has recently appointed Lip-Bu Tan as its new CEO, after former chief Pat Gelsinger decided to retire. However, the change in the company's leadership is unlikely to have a positive impact on the company's first-quarter financial results, as the new CEO assumed the role in March.
Intel's revenue for the first three-month period is expected to stand at around $12.3 billion, declining by nearly 3% from the same timeframe a year ago. Meanwhile, its earnings per share (EPS) are projected to tumble approximately 94% on a yearly basis and land at $0.01 in the reported quarter.
The chipmaker's first-quarter results are not expected to reflect the impact of recently announced US global tariffs. However, in the next fiscal periods, Intel could be affected by the US duties as it has facilities in Ireland, China, Costa Rica, Ireland, Israel, Malaysia and Vietnam, and each of these countries might be hit with different tariff rates.
