Intel (INTC) reported 4th Quarter December 2017 earnings of $1.08 per share on revenue of $17.1 billion. The consensus earnings estimate was $0.86 per share on revenue of $16.3 billion. The Earnings Whisper number was $0.89 per share. Revenue grew 4.1% 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.
Intel Reports Fourth-Quarter and Full-Year 2017 Financial Results
- • Record fourth-quarter revenue was $17.1 billion and record full-year revenue was $62.8 billion. Excluding
McAfee, fourth-quarter revenue grew 8 percent year-over-year with data-centric revenue up 21 percent, and
full-year revenue grew 9 percent year-over-year.
- • Delivered outstanding quarterly and annual earnings growth.
- • In 2017, Intel generated a record $22 billion cash from operations and returned nearly $9 billion to
- • In 2018, Intel expects another record year and is raising its quarterly cash dividend 10 percent on an annual
SANTA CLARA, Calif., January 25, 2018 -- Intel Corporation today reported full-year and fourth-quarter 2017
financial results. The company also announced that its board of directors has approved an increase in its cash
dividend to $1.20 per-share on an annual basis, a 10 percent increase. The board also declared a quarterly
dividend of $0.30 per-share on the company’s common stock, which will be payable on March 1 to shareholders of
record on February 7.
"2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric
businesses," said Brian Krzanich, Intel CEO. “The strategic investments we've made in areas like memory,
programmable solutions, communications and autonomous driving are starting to pay off and expand Intel's growth
opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the
commitments we make to our shareholders and our customers."
“The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our
revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO.
“Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric
businesses shows Intel's transformation is on track."
Intel's fourth-quarter results reflect an income tax expense of $5.4 billion as a result of the U.S. corporate tax reform
enacted in December. This includes a one-time, required transition tax on our previously untaxed foreign earnings,
which was partially offset by the re-measurement of deferred taxes using the new U.S. statutory tax rate. Looking
ahead, the company is forecasting a 2018 tax rate of 14 percent as the Tax Cuts and Jobs Act helps level the
playing field for U.S. manufacturers like Intel that compete in today's global economy.
"Intel has a rich history of investing in U.S.-led research and development and U.S. manufacturing," said Swan.
"The tax reform is further incentive to continue these investments and reinforces our decision to invest in the buildout
of our Arizona factory. It also informed the dividend increase we're announcing today."
For the full press release, please go here.