Summary

Intel Beats

Intel (INTC) reported 1st Quarter March 2018 earnings of $0.87 per share on revenue of $16.1 billion. The consensus earnings estimate was $0.71 per share on revenue of $15.1 billion. The Earnings Whisper number was $0.77 per share. Revenue grew 8.6% on a year-over-year basis.

The company said it expects first quarter earnings of $0.65 to $0.75 per share on revenue of $14.50 billion to $15.50 billion and 2018 earnings of $3.37 to $3.73 per share on revenue of $64.0 billion to $66.0 billion. The current consensus earnings estimate is $0.73 per share on revenue of $15.02 billion for the quarter ending March 31, 2018 and $3.30 per share on revenue of $63.62 billion for the year ending December 31, 2018.

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

Earnings Release

Intel Reports First-Quarter Financial Results

SANTA CLARA, Calif., April 26, 2018 -- Intel Corporation today reported first-quarter 2018 financial results.

News Summary:

• Record first-quarter revenue was $16.1 billion, up 13 percent year-over-year1 on strength of Intel's data-centric* businesses, which accounted for 49 percent of first-quarter revenue.
• Data-centric growth and operating margin leverage boosted earnings-per-share (EPS), which rose 53 percent year-over-year; non-GAAP EPS was up 32 percent year-over-year.
• Intel is raising its full-year revenue and earnings outlook based on this strong start; expecting 2018 revenue of $67.5 billion, up $2.5 billion from prior guidance.

"Coming off a record 2017, 2018 is off to a strong start. Our PC business continued to execute well and our datacentric businesses grew 25 percent, accounting for nearly half of first-quarter revenue," said Brian Krzanich, Intel CEO. "The strength of Intel’s business underscores my confidence in our strategy and the unrelenting demand for compute performance fueled by the growth of data."

“Compared to the first-quarter expectations we set in January, revenue was higher, operating margins were stronger and EPS was better," said Bob Swan, Intel CFO. "Our data-centric strategy is accelerating Intel’s transformation, and we’re raising our earnings and cash flow expectations for the year."

For the full press release, please go here.