Analysts expect the chipmaker to post earnings of $1.77 per share for the November quarter, on an adjusted basis, compared to a loss of $0.95 per share in the first quarter of 2024. Revenues are expected to grow an impressive 84% to $8.7 billion.
In the fourth quarter, adjusted earnings were $1.18 per share, compared to a loss of $1.07 per share in the year-ago period. Earnings topped expectations. On an unadjusted basis, net income was $887 million or $0.79 per share in Q4, compared to a loss of $1.43 billion or $1.31 per share in the corresponding period of 2023. Fourth-quarter revenues increased sharply to $7.75 billion from $4.01 billion in the prior year quarter.