INTC
$58.22
Intel
$.32
.55%
Earnings Details
3rd Quarter September 2019
Thursday, October 24, 2019 4:00:00 PM
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Summary

Intel Beats

Intel (INTC) reported 3rd Quarter September 2019 earnings of $1.42 per share on revenue of $19.2 billion. The consensus earnings estimate was $1.24 per share on revenue of $18.0 billion. The Earnings Whisper number was $1.27 per share. Revenue grew 0.1% on a year-over-year basis.

The company said it expects fourth quarter earnings of approximately $1.24 per share on revenue of approximately $19.20 billion. The current consensus earnings estimate is $1.20 per share on revenue of $18.85 billion for the quarter ending December 31, 2019.

Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.

Results
Reported Earnings
$1.42
Earnings Whisper
$1.27
Consensus Estimate
$1.24
Reported Revenue
$19.19 Bil
Revenue Estimate
$18.04 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Intel Reports Third-Quarter 2019 Financial Results

  • Third-quarter revenue of $19.2 billion set a new record and exceeded July guidance, driven by record datacentric revenue*, which grew 6 percent year-over-year (YoY). PC-centric revenue declined 5 percent YoY, consistent with guidance.
  • Third-quarter earnings-per-share (EPS) exceeded July guidance. GAAP EPS of $1.35 declined 2 percent YoY; non-GAAP EPS of $1.42 was up 1 percent.
  • Year-to-date, Intel has generated a record $23.3 billion cash from operations, generated $11.7 billion of free cash flow and returned approximately $14.3 billion to shareholders.
  • Raising full-year revenue outlook to $71 billion, up $1.5 billion from July guidance. Now expecting full-year GAAP EPS of $4.42 and raising full-year non-GAAP EPS outlook to $4.60.
SANTA CLARA, Calif., October 24, 2019 -- Intel Corporation today reported third-quarter 2019 financial results. “We've been on a multiyear journey to reposition Intel’s portfolio to take advantage of the exponential growth of data. Our third-quarter financial performance underscores our progress as our data-centric businesses turned in their best performance ever, making up almost half our total revenue in a record quarter,” said Bob Swan, Intel CEO. “Our priorities are accelerating growth, improving our execution and deploying capital for attractive returns. We now expect to deliver a fourth record year in a row.”

For the full press release, please go here.