Intel, American multi-national technology company is showcasing with some fanfare how its technology can make shoes, drones and skateboards smarter. Intel is one of the world’s largest and highest valued semiconductor chip makers, based on revenue.
It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel supplies processors for computer companies such as Apple, Samsung, HP and Dell. Strength from areas outside core PC chips are likely to come from supplying data centers, a market it entered via a large acquisition, than the flashier Internet of Things arena.
Intel is anticipated to report adjusted earnings per share of 63 cents, down from 74 cents a year ago, as estimated by S&P Capital IQ Consensus Estimates. During the past two quarters, it’s beat Street estimates, building up expectations it will pleasantly surprise again.
Revenue estimates are $14.8 billion, compared with guidance of $14.3 to $15.3 billion and close to flat with a year ago.
Intel also signaled its future intentions with the purchase earlier this month of German drone company Ascending Technologies. The company had already been partnering with Intel, using its Real Sense cameras to help drones avoid obstacles.
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