Prediction: Intel Posts a Profitable Year Before 2028. Here's How It Gets There.
The chipmaker lost $11 billion last quarter on paper. The math underneath points somewhere very different.
Overview
Intel (NASDAQ: INTC) closed at $91.13 on Thursday, up 11.3% in the chip sector's broad rebound. And by the headline numbers, investors just bid up a money loser. Over the past 12 months, Intel's net loss totals about $11.3 billion.
But the losses are not what they appear. Intel's revenue is growing at its fastest pace in more than 15 years, its gross margin is expanding quarter by quarter, and the red ink traces mostly to accounting charges rather than to the business itself.
Details
Put the pieces together, and I think 2027 becomes Intel's first profitable year of this turnaround. Here's a closer look at the arithmetic.
Source
Originally published at www.fool.com.