Skip to content
Subscriber Only

Intel Gives Bullish Forecast on Data-Center Chip Demand

  • Executives say new share buyback shows confidence in growth
  • Chipmaker promises to try to regain manufacturing leadership
Video player cover image
Intel Corp. Chief Executive Officer Bob Swan talks about the company’s financial results and business outlook. (Source: Bloomberg)
Updated on

Intel Corp. gave an upbeat sales and profit forecast, citing improved demand for semiconductors that power cloud-computing data centers, and shrugged off concerns that the trade dispute between the U.S. and China is hurting the electronics industry.

The chipmaker late Thursday predicted fourth-quarter revenue and profit will come in ahead of analysts’ projections, sending the stock about 3% higher in after-hours trading. Intel also reported better-than-expected third-quarter results.