By Petr Huřťák

Computer processor maker Intel (NASDAQ:INTC) will be reporting results this Thursday afternoon. Here’s what investors should know.

Intel beat analysts’ revenue expectations last quarter, reporting revenues of $13.67 billion, down 4.1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Intel a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Intel’s revenue to decline 2.2% year on year, a deceleration from its flat revenue in the same quarter last year.

Intel Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Intel has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Intel’s peers in the semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Penguin Solutions’s revenues decreased 6.2% year on year, beating analysts’ expectations by 0.8%, and Micron reported revenues up 196%, topping estimates by 20.1%. Penguin Solutions traded up 13.4% following the results while Micron was down 3.8%.

Read our full analysis of Penguin Solutions’s results here and Micron’s results here.

There has been positive sentiment among investors in the semiconductors segment, with share prices up 29.2% on average over the last month. Intel is up 51.3% during the same time and is heading into earnings with an average analyst price target of $55.33 (compared to the current share price of $66.58).

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