Tesla and Intel are among nearly 80 S&P 500 companies set to announce their second-quarter earnings next week. Analysts have notably raised earnings per share (EPS) estimates for these companies, with Intel seeing a remarkable 135% increase in EPS expectations due to 56 upward revisions.
This surge in estimates follows the appointment of CEO Lip-Bu Tan, who has reignited investor interest after a period of underperformance. Intel's advancements in its 18A-P manufacturing process, which is moving towards production for Apple, could further validate its manufacturing strategy, although analysts caution that substantial financial benefits may take time to materialize.
Dow, another company on the list, has seen its EPS estimate more than double, supported by targeted investments in specialty silicones. Texas Instruments and Tesla also reported positive revisions, with Tesla's EPS estimate rising by 19% as the company continues to scale its production and delivery of vehicles.
Investors are particularly focused on Tesla's developments in robotaxi deployments during its upcoming earnings call