Intel (Nasdaq: INTC ) reported earnings on July 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Intel met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share didn't change.
Gross margins grew, operating margins dropped, and net margins shrank.
Intel recorded revenue of $13.50 billion. The 42 analysts polled by S&P Capital IQ looked for revenue of $13.55 billion on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $13.03 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.57. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.55 per share. GAAP EPS of $0.54 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.4%, 280 basis points better than the prior-year quarter. Operating margin was 28.4%, 180 basis points worse than the prior-year quarter. Net margin was 20.9%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $14.43 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $56.43 billion. The average EPS estimate is $2.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 8,870 members out of 9,463 rating the stock outperform, and 593 members rating it underperform. Among 2,000 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,906 give Intel a green thumbs-up, and 94 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intel is outperform, with an average price target of $29.47.
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