BlockBeats News, July 23rd, Intel (INTC.O) is expected to release strong financial results after the market closes on Thursday. According to analysts surveyed by FactSet, Intel is expected to report a Q2 adjusted earnings per share of 22 cents and revenue of $14.4 billion.

Analyst Srini Pajjuri from RBC Capital Markets stated, "We expect server CPU sales to maintain double-digit growth throughout the year." The news of layoffs may also be a topic of discussion as Intel plans to lay off employees in its data center division. Analysts will also be watching to see if the company discloses details related to a potential new customer, Apple. In May, there were reports that Apple and Intel had reached a preliminary agreement for Intel to manufacture chips for use in Apple devices.

On June 18th, President Trump tweeted that Apple has agreed to work with Intel to design and manufacture its chips in the United States. Intel's earnings report and guidance will provide much-needed clarity on the timeline for chip demand, as market concerns regarding the above have not yet subsided.