Intel is set to report its quarterly earnings on Jan. 30, with investors seeking clarity on its leadership strategy and recovery plans amid declining revenue.

Intel’s shares have dropped 60% over the past year, reducing its market capitalization to around US$85 billion.

Analysts predict a 10.4% decline in fourth-quarter revenue, with a total of US$13.81 billion and reduced gross margins of 39.4%.

Revenue from the datacenter division is expected to decrease by over 15%, marking the eleventh consecutive quarter of decline.

Intel faces high manufacturing costs and stiff competition from AMD and Taiwan Semiconductor Manufacturing Company (TSMC), a leader in advanced chip production.

Additionally, cloud operators like Microsoft are shifting to AI-specialized chips, further complicating Intel’s prospects.

The chipmaker also recently removed CEO Pat Gelsinger and is now led by interim co-CEOs Michelle Johnston Holthaus and David Zinsner.

Recent Intel developments