Intel (INTC) reported 3rd Quarter September 2016 earnings of $0.80 per share on revenue of $15.8 billion. The consensus earnings estimate was $0.73 per share on revenue of $15.6 billion. The Earnings Whisper number was $0.75 per share. Revenue grew 9.1% on a year-over-year basis.
The company said it expects fourth quarter revenue of $15.20 billion to $16.20 billion. The current consensus revenue estimate is $15.89 billion for the quarter ending December 31, 2016.
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 Record Quarterly Revenue of $15.8 Billion, Up 9 Percent Year-Over-Year; Operating Profit of $4.5 Billion
- Strong top line growth with record revenue in the Data Center Group and Internet of Things Group
- Solid earnings with GAAP net income of $3.4 billion, up 9 percent year-over-year;
- Delivered 21 percent year-over-year growth in non-GAAP net income driven by strong execution
and demand for our products
- GAAP gross margin of 63.3 percent and non-GAAP gross margin of 64.8 percent
SANTA CLARA, Calif., October 18, 2016 -- Intel Corporation today reported third-quarter GAAP
revenue of $15.8 billion, operating income of $4.5 billion, net income of $3.4 billion and EPS of 69 cents.
Intel reported non-GAAP operating income of $5.1 billion, net income of $3.9 billion and EPS of 80
cents. The company generated approximately $5.8 billion in cash from operations, paid dividends of $1.2
billion, and used $457 million to repurchase 13 million shares of stock.
“It was an outstanding quarter, and we set a number of new records across the business,” said Brian
Krzanich, Intel CEO. “In addition to strong financials, we delivered exciting new technologies while
continuing to align our people and products to our strategy. We’re executing well, and these results show
Intel’s continuing transformation to a company that powers the cloud and billions of smart, connected
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