Summary

Intel Beats

Intel (INTC) reported 2nd Quarter June 2018 earnings of $1.04 per share on revenue of $17.0 billion. The consensus earnings estimate was $0.99 per share on revenue of $16.9 billion. The Earnings Whisper number was $1.00 per share. Revenue grew 14.9% on a year-over-year basis.

The company said it expects third quarter earnings of $1.10 to $1.20 per share on revenue of $17.6 billion to $18.6 billion. The current consensus earnings estimate is $1.08 per share on revenue of $17.60 billion for the quarter ending September 30, 2018. The company said it expects 2018 earnings of $3.94 to $4.36 per share on revenue of $68.5 billion to $70.5 billion. The company's previous guidance was earnings of $3.66 to $4.04 per share on revenue of $66.5 billion to $68.5 billion and the current consensus earnings estimate is $4.04 per share on revenue of $68.63 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 Second-Quarter Financial Results

News Summary:

• Record second-quarter revenue was $17.0 billion, up 15 percent year-over-year (YoY); data-centric businesses* grew 26 percent and PC-centric revenue grew 6 percent.
• GAAP earnings-per-share (EPS) of $1.05 rose 82 percent YoY; non-GAAP EPS of $1.04 was up 44 percent.
• Year-to-date, generated $13.7 billion in cash from operations, $6.3 billion of free cash flow and returned $8.6 billion to shareholders (dividends of $2.8 billion and share repurchases of $5.8 billion).
• Raising full-year revenue outlook to approximately $69.5 billion, GAAP EPS outlook to approximately $4.10 and non-GAAP EPS of $4.15; up $2.0 billion, $0.31 and $0.30 from April guidance, respectively.

SANTA CLARA, Calif., July 26, 2018 -- Intel Corporation today reported second-quarter 2018 financial results. Record second quarter revenue of $17.0 billion was up 15 percent YoY driven by strength across the business and customer demand for performance-leading Intel platforms. Collectively, data-centric businesses grew 26 percent, approaching 50 percent of total revenue. PC-centric revenue was up 6 percent on strength in the commercial and enthusiast segments. Operating margin leverage and lower tax rate drove excellent EPS growth.

“After five decades in tech, Intel is poised to deliver our third record year in a row. We are uniquely positioned to capitalize on the need to process, store and move data, which has never been more pervasive or more valuable,” said Bob Swan, Intel CFO and Interim CEO. “Intel is now competing for a $260 billion market opportunity, and our second quarter results show that we’re winning. As a result of the continued strength we are seeing across the business, we are raising our full year revenue and earnings outlook.”

For the full press release, please go here.