Earnings season kicks off next week with Texas Instruments Inc. on July 26.
Rosenblatt analyst Hans Mosesmann expected an inline 2Q and inline 3Q guide as it recovered from the China COVIDovid-19 shutdowns.
On July 28, Intel Corp. looked to report where Mosesmann expected them to meet 2Q but lower the $76 billion current year outlook due to inflationary pressures in PC, shares losses in CPUs, and delayed volume ramp of Sapphire Rapids.
He saw 2Q22 sales coming in line with his/consensus estimates, with the quarter impacted by $500 million due to shutdowns. For September, he expected sales around his/consensus estimate with sequential growth aided by China issues becoming less of a headwind and strong automotive trends….