On January 13, 2021, Intel announced that it had chosen Pat Gelsinger to replace Bob Swan as Chief Executive Officer, effective February 15.
The press release (https://tinyurl.com/y55lnk8z) also stated that:
Intel expects its fourth-quarter 2020 revenue and EPS to exceed its prior guidance provided on October 22, 2020. In addition, the company has made strong progress on its 7nm process technology and plans on providing an update when it reports its full fourth-quarter and full-year 2020 results as previously scheduled on January 21, 2021.
The guidance provided by the company last October was for revenue of about $17.4 billion and EPS of $1.02 on a GAAP basis in the fourth quarter of 2020. Both figures are now likely to be surpassed when Intel reports next week how well the company actually performed.
See https://www.gcfr2.com/2020/12/intc-look-ahead-to-december-2020.html for my forecast for Intel's fourth-quarter Income Statement, which built on the figures in the initial guidance. Since Intel gave no hint about the magnitude of the increased revenue and earnings, I am not updating the forecast.
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