Intel (INTC) reported 2nd Quarter June 2019 earnings of $1.06 per share on revenue of $16.5 billion. The consensus earnings estimate was $0.89 per share on revenue of $15.6 billion. The Earnings Whisper number was $0.90 per share. Revenue fell 2.7% compared to the same quarter a year ago.
The company said it expects third quarter earnings of approximately $1.24 per share on revenue of approximately $18.0 billion. The current consensus earnings estimate is $1.14 per share on revenue of $17.85 billion for the quarter ending September 30, 2019. The company said it expects 2019 earnings of approximately $4.40 per share on revenue of approximately $69.5 billion. The company's previous guidance was earnings of approximately $4.35 per share on revenue of approximately $69.0 billion and the current consensus earnings estimate is $4.21 per share on revenue of $68.51 billion for the year ending December 31, 2019.
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 Second-Quarter 2019 Financial Results
SANTA CLARA, Calif., July 25, 2019 -- Intel Corporation today reported second-quarter 2019 financial results.
“Second quarter results exceeded our expectations on both revenue and earnings, as the growth of data and
compute-intensive applications are driving customer demand for higher performance products in both our PCcentric and data-centric businesses,” said Bob Swan, Intel CEO. “Based on our outperformance in the quarter,
we’re raising our full-year guidance. Intel’s ambitions are as big as ever, our collection of assets is unrivaled, and
our transformation continues.”
- • Second-quarter revenue of $16.5 billion, down 3% year-over-year (YoY), exceeded April guidance. IOTG
achieved record revenue. Data-centric revenue declined 7 percent; PC-centric revenue grew 1 percent YoY.
- • Second-quarter earnings-per-share (EPS) exceeded April guidance. GAAP EPS of $0.92 declined 12 percent
YoY; non-GAAP EPS of $1.06 was up 2 percent.
- • Announced an agreement for Apple to acquire the majority of Intel’s smartphone modem business1.
- • Raising full-year revenue outlook to $69.5 billion, up $500 million from April guidance. Now expecting full-year
GAAP EPS of $4.10 and raising full-year non-GAAP EPS outlook to $4.40.
For the full press release, please go here.