Intel (INTC) reported 3rd Quarter September 2018 earnings of $1.40 per share on revenue of $19.2 billion. The consensus earnings estimate was $1.15 per share on revenue of $18.1 billion. The Earnings Whisper number was $1.17 per share. Revenue grew 18.7% on a year-over-year basis.
The company said it expects fourth quarter earnings of approximately $1.22 per share on revenue of approximately $19.0 billion. The current consensus earnings estimate is $1.10 per share on revenue of $18.37 billion for the quarter 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 Third-Quarter Financial Results
SANTA CLARA, Calif., October 25, 2018 -- Intel Corporation today reported third-quarter 2018 financial results.
Third-quarter revenue of $19.2 billion was an all-time record, up 19 percent YoY driven by broad business strength
and customer preference for performance-leading products. The Client Computing Group (CCG), the Data Center
Group (DCG), the Internet of Things Group (IOTG), the Non-volatile Memory Solutions Group (NSG) and Mobileye
all achieved record revenue. Collectively, data-centric businesses grew 22 percent, led by 26 percent YoY growth in
DCG. PC-centric revenue was up 16 percent on continued strength in the commercial and gaming segments.
Excellent operating margin leverage and a lower tax rate drove record quarterly EPS.
- • Record quarterly revenue of $19.2 billion, up 19 percent year-over-year (YoY); data-centric* revenue grew 22
percent and PC-centric revenue grew 16 percent.
- • Record quarterly GAAP earnings-per-share (EPS) of $1.38 grew 47 percent YoY; non-GAAP EPS of $1.40 was
up 39 percent.
- • Year-to-date, generated $22.5 billion in cash from operations, $11.2 billion of free cash flow and returned $12.6
billion to shareholders, including dividends of $4.17 billion and share repurchases of $8.46 billion.
- • Raising full-year revenue outlook to $71.2 billion, GAAP EPS outlook to approximately $4.52 and non-GAAP
EPS of $4.53; up $1.7 billion, $0.42 and $0.38 from July guidance, respectively.
“Stronger than expected customer demand across our PC and data-centric businesses continued in the third
quarter. This drove record revenue and another raise to our full-year outlook, which is now up more than six billion
dollars from our January expectations. We are thrilled that in a highly competitive market, customers continue to
choose Intel,” said Bob Swan, Intel CFO and Interim CEO. “In the fourth quarter, we remain focused on the
challenge of supplying the incredible market demand for Intel products to support our customers' growth. We expect
2018 will be another record year for Intel, and our transformation positions us to win share in an expanded $300
total addressable market.”
For the full press release, please go here