The 10-second takeaway
For the quarter ended March 31 (Q1), Intel met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share contracted.
Gross margins expanded, operating margins dropped, net margins shrank.
Intel booked revenue of $12.91 billion. The 41 analysts polled by S&P Capital IQ wanted to see a top line of $12.85 billion on the same basis. GAAP reported sales were 0.5% higher than the prior-year quarter's $12.85 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.56. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.53 per share on the same basis. GAAP EPS of $0.53 for Q1 were 5.4% lower than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.0%, 260 basis points better than the prior-year quarter. Operating margin was 29.5%, 290 basis points worse than the prior-year quarter. Net margin was 21.2%, 340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $13.48 billion. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $56.74 billion. The average EPS estimate is $2.52.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 8,731 members out of 9,320 rating the stock outperform, and 590 members rating it underperform. Among 2,005 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,919 give Intel a green thumbs-up, and 86 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 $27.75.
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