On July 19, Motley Fool Inside Value selection Intel
- Sales considerably lagged estimates, thanks to a price war and aggressive competition from Advanced Micro Devices
(NYSE:AMD) . Meanwhile, per-share earnings and gross margin beat expectations, offering evidence that Intel's restructuring efforts are already having an impact. - Nevertheless, the balance sheet worsened considerably, with skyrocketing debt, higher payables, and a plummeting cash balance due to increased investments, including a $600 million bet on WiMAX supplier Clearwire.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$8,300 |
$8,009 |
$9,231 |
(13.2) |
|
Net Profit |
-- |
$885 |
$2,038 |
(56.6) |
|
EPS |
$0.13 |
$0.15 |
$0.33 |
(54.5) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
52.08% |
56.36% |
(4.29) |
|
Op. Margin |
13.38% |
28.7% |
(15.31) |
|
Net Margin |
11.05% |
22.08% |
(11.03) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,421 |
$12,600 |
(49) |
|
Inventory |
$4,332 |
$2,739 |
58.2 |
|
Accounts Rec. |
$3,178 |
$3,448 |
(7.8) |
|
Liabilities |
Q2 2006 |
Q2 2005 |
% Change |
|---|---|---|---|
|
Total Debt |
$2,341 |
$748 |
213 |
|
Accounts Pay. |
$6,570 |
$5,425 |
21.1 |
Learn the ways of the balance sheet.
Cash Flow Checkup
No cash flow statement provided. (Boo!)
Find out why Fools always follow the money.
Related Companies:
- AMD
-
Apple Computer
(NASDAQ:AAPL) -
Dell
(NASDAQ:DELL) -
Freescale Semiconductor
(NYSE:FSL) -
Marvell Technology
(NASDAQ:MRVL) -
Microsoft
(NASDAQ:MSFT)
Related Foolishness:
- Will Intel Pass the Test?
- It's war!
- Should you buy?
- Maybe not.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Dell, Intel, and Microsoft are all Motley Fool Inside Value recommendations. Dell also happens to be a Motley Fool Stock Advisor pick. Check out our whole suite of newsletters by clicking here.
Fool contributor Tim Beyers owns LEAP options in Apple. You can find out what else is in his portfolio by checking Tim's Fool profile. The Motley Fool has an ironclad disclosure policy.
