Intel Corporation has reaffirmed its financial guidance for the current quarter, projecting sales between $13.3 billion and $14.3 billion. This announcement follows the sudden retirement of CEO Pat Gelsinger, whose deep product expertise was noted by analysts. Interim Co-CEO and CFO Dave Zinsner assured investors that the company's core strategy remains intact, emphasizing its commitment to becoming a world-class foundry and a leading Western semiconductor provider. Intel executives highlighted the importance of the Intel Foundry to the semiconductor ecosystem and noted the need for significant cultural changes to achieve this transition. Additionally, the company pointed to its geographic dispersion of factories as a strategic advantage in managing tariffs. Looking forward, Intel expects its Lunar Lake product to significantly impact margins in 2024, with Foundry margins anticipated to improve in 2025. The company also reiterated its focus on disciplined capital spending and plans to provide further updates during its earnings report in January, with Zinsner stating, "We still have another month to go of wood to chop."