Intel (INTC) reported earnings on Thur 22 Jul 21 (a/h)

  ** charts after earnings **

 

 

 

 

Intel beats by $0.21, beats on revs; guides Q3 EPS above consensus, revs in-line; raises FY21 guidance

• Reports Q2 (Jun) earnings of $1.28 per share, excluding non-recurring items, $0.21 better than the S&P Capital IQ Consensus of $1.07; revenues rose 1.6% year/year to $18.5 bln vs the $17.8 bln S&P Capital IQ Consensus.
• Co issues guidance for Q3, sees EPS of $1.10, excluding non-recurring items, vs. $1.08 S&P Capital IQ Consensus; sees Q3 revs of $18.2 bln vs. $18.12 bln S&P Capital IQ Consensus.
• Co issues raised guidance for FY21, sees EPS of $4.80 from $4.60, excluding non-recurring items, vs. $4.63 S&P Capital IQ Consensus; sees FY21 revs of $73.5 bln from $72.5 bln vs. $72.65 bln S&P Capital IQ Consensus.
• Second-quarter revenue exceeded April guidance led by continued strength in Intel's Client Computing Group (CCG) and strong recovery in both Intel's Internet of Things Group (IOTG) and the Enterprise portion of its Data Center Group.
• The PC and Mobileye businesses both achieved record Q2 revenue. In the second quarter, PC platform volumes were up 33 percent YoY and Mobileye closed 10 additional design wins for more than 16 million total lifetime units.