Intel (INTC) reported earnings on Thur 24 Jan 2019 (a/h)

• #3, 4, 13, 28, 33, 35, 36, 40, 41, 43, 50, 53, 60,  80-83, 96, 97

** charts before earnings **

 

** charts after earnings **

Intel beats by $0.06, misses on revs; guides Q1 below consensus; guides FY19 EPS in-line, revs below consensus; increases dividend 5%

• Reports Q4 (Dec) earnings of $1.28 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $1.22; revenues rose 9.4% year/year to $18.66 bln vs the $19.02 bln S&P Capital IQ Consensus. 
• The PC-centric business (CCG) was up 10% to $9.8B in the fourth quarter due to continued strong demand for Intel's higher performance products and strength in commercial and gaming. CCG expanded its product portfolio for 2019 with the recent launch of new 9th Gen Intel Core processors and unveiled "Ice Lake" the upcoming, 10nm-based PC processor, which is expected to be in OEM systems on shelves for holiday, 2019.
• Collectively, Intel's data-centric businesses grew 9% YoY in the quarter and 20% YoY in 2018. In the fourth quarter, DCG achieved 24% cloud segment growth and 12% communications service provider segment growth while enterprise revenue declined 5%. Intel recently announced that the new "Cascade Lake" family of high performance Intel Xeon processors with advanced AI and memory capabilities is now shipping.
• Fourth-quarter Internet of Things Group (IOTG) revenue declined 7% YoY. However, excluding Wind River, which Intel divested in the second quarter, fourth-quarter IOTG revenue was up 4% YoY despite supply tightness. Record quarterly revenue in Intel's memory business (NSG) was up 25% YoY. Intel's Programmable Solutions Group (PSG) also achieved record quarterly revenue, up 8% YoY driven by strength in the data center and communications market segments. Mobileye fourth-quarter revenue of $183 million was up 43% YoY as customer momentum continued. In 2018, Mobileye achieved 28 new design wins and 78 vehicle model launches
• Co issues downside guidance for Q1, sees EPS of $0.87, excluding non-recurring items, vs. $1.01 S&P Capital IQ Consensus; sees Q1 revs of ~$16.0 bln vs. $17.38 bln S&P Capital IQ Consensus.
• Co issues guidance for FY19, sees EPS of $4.60, excluding non-recurring items, vs. $4.54 S&P Capital IQ Consensus; sees FY19 revs of $71.5 bln vs. $73.22 bln S&P Capital IQ Consensus.
• Board of directors has approved a five% increase in its cash dividend to $1.26 per-share on an annual basis.