Unusual Options Activity Fri 6/21/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• SIRI Weekly Jun29 5.5 calls (volume: 2090, open int: 340, implied vol: ~92%, prev day implied vol: 61%). We noted activity in the Weekly Jun29 3.5 calls yesterday (see 6/20 13:23 OPTNX). Co is expected to report earnings late July.
• INTC Jun 31 calls (volume: 14.6K, open int: 19.4K, implied vol: ~36%, prev day implied vol: 33%). Co is expected to report earnings late July.
  
• PLTR Jun 24.5 calls are seeing interest with the underlying stock down 7% (volume: 14.8K, open int: 11.2K, implied vol: ~41%, prev day implied vol: 39%). Stock was  downgraded to Sell from Neutral at Monness Crespi & Hardt; tgt $20. Co is expected to report earnings early August.

Bearish Put Activity:

• CVNA Sep 75 puts (volume: 25.1K, open int: 510, implied vol: ~65%, prev day implied vol: 55%). 25K traded in a single transaction. Co is expected to report earnings early August.
  
• SMCI Jun 850 puts (volume: 4570, open int: 3710, implied vol: ~78%, prev day implied vol: 73%). Co is expected to report earnings early August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.87, VIX: (13.07, -0.21, -1.6%).
Today is options expiration -- the last day to trade June equity options.

Unusual Options Activity Tue 6/11/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• RIOT Weekly Jun14 10 calls (volume: 7.4K, open int: 10.2K, implied vol: ~79%, prev day implied vol: 73%). Co is expected to report earnings mid-August.
• SIRI Jun 2.5 calls (volume: 15.4K, open int: 590, implied vol: ~50%, prev day implied vol: 45%). 1330 contracts traded in a single transaction. Co is expected to report earnings mid-July.
• INTC Weekly Jun28 31.5 calls (volume: 2310, open int: 510, implied vol: ~33%, prev day implied vol: 31%). Co is expected to report earnings late July.
• WFC July 65 calls (volume: 20.6K, open int: 24.7K, implied vol: ~27%, prev day implied vol: 25%). 17.2K traded in a single transaction. Co at conference said older office buildings in large cities are seeing some stress related to commercial real estate. Co is confirmed to report earnings July 12 before the open.
  

Bearish Put Activity:

• X Weekly Jun14 36 puts (volume: 1200, open int: 0, implied vol: ~36%, prev day implied vol: 32%). Co is expected to report earnings late July. In late May, US Steel and Nippon Steel announced receipt of all non-U.S. regulatory approvals for merger.
• ORCL Jun 122 puts are seeing interest ahead of earnings tonight (volume: 1600, open int: 710, implied vol: ~36%, prev day implied vol: 33%).
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (13.15, +0.41, +3.2%).
June 21 is options expiration -- the last day to trade June equity options.

====Intel (INTC) reported earnings on Thur 27 Jul 23 (a/h)

 

Intel beats by $0.17, beats on revs, gross margin of 39.8% compared to guidance of 37.5%; guides Q3 EPS above consensus, revs in-line

• Reports Q2 (Jun) earnings of $0.13 per share, excluding non-recurring items, $0.17 better than the FactSet Consensus of ($0.04); revenues fell 15.7% year/year to $12.9 bln vs the $12.12 bln FactSet Consensus.
• Gross margin of 39.8% vs. guidance of 37.5%.
• Client Computing Group (CCG) revenue down 12% to $6.8 bln; lower on overall TAM contraction and OEM inventory reductions.
• Data Center & AI Group (DCAI) revenue down 15% to $4.0 bln; lower on CPU TAM contraction and competitive pressures.
• Network And Edge Group (NEX) revenue down 38% to $1.4 bln.
• Co issues guidance for Q3, sees EPS of $0.20 vs. $0.16 FactSet Consensus; sees Q3 revs of $12.9-$13.9 bln vs. $13.22 bln FactSet Consensus. Sees gross margin of 43.0%. Says is expecting a modest 2H23 recovery.

Earnings this week : July 24 - 28, 23 (wk 30)

Monday (Jul 24)

• Morning:  BOH DPZ HOPE PHG
• Afternoon: AGYS AGNC ARE BRO CADE CDNS CATY CHX CLF CCK FFIV HSTM HXL IBTX LOGI MEDP NXGN NWE NXPI PKG RRC RGP RLI SSD TBI WHR WSFS

Tuesday (Jul 25)

• Morning: MMM ALK ACI HOUS ADM ARCC AWI ABG AUB AVY BKU BIIB GLW CTS DHR DOV DOW FELE GATX GEHC GE GM HRI HUBB IVZ IRDM KMB LW LTH MCO MSCI NEE NEP NUE NVR ONB PCAR PJT PII PHM RTX SASR ST SHW SFNC SITC SBSI SPOT TRU VZ XRX
• Afternoon:  GOOG ASH ATRC BANC BDN CALM CNI CB CSGP CR EGP WIRE ENVA EQT EEFT FCF HA HIW KALU LXFR MANH MTDR MMSI MSFT NEX PACW PRO RNR RNST ROIC RHI SNAP TDOC TENB TXN TRMK UMBF UHS VBTX VICR V WM WSBC

Wednesday (Jul 26)

• Morning:  AMG ALKS ALLE APH T ADP BXMT BA BOKF GIB CHKP CME KO CSTM EVR FI FTV GD GPI HCSG HES HLT LAD LIVN MNRO COOP NAVI EDU ODFL OMF OTIS OC PAG BPOP PRG PB DGX RCI RES RPM R SLGN SLAB SCL TMHC TEL TDY TMO TLRY TSEM TNL UNP UMC VIRT WNC
• Afternoon:  AEM AGI AIN ALGN AWK AMP NLY AM AR ACGL ASGN AGR CSL CLS CCS CHE CMG CHDN FIX CNMD CLB CVBF EBAY EW ESI EIG ENVX EQC EG EVTC FIBK FLEX FTAI GFL GL GSHD GGG HP ICLR IEX IMAX PI INVH LHX LRCX LSTR LC MAT MXL META MEOH MAA MC MOH MYRG NTGR NXT NOV ORLY OII CASH PTEN PEGA PDM PPC PLXS PTC QS RJF ROL SLM STX SEIC NOW STAG STC SUI NOVA TER TNET TROX TYL UDR URI VMI VICI VKTX VSTO WU WH

Thursday (Jul 27)

• Morning: AOS ABBV AGCO AEP AMT MT ARCH AMBP ATHM AVNT BCS BAX BSX BFH BMY BC CRS CARR CBZ CBRE CVE CNP CMS CNX CMCSA CROX CFR DTE EXP EME EXLS XPRO FSS FAF FBP FCFS FSV FCN GWW HEES HOG HCA HSY HTZ HON INMD IP ITGR IART KBR KDP KIM KEX LH LAZ TREE LII LECO LIN LKQ HZO MLM MAS MA MCD MDC MBLY NEOG NTCT NYCB NSC NOC NVCR OTLY OIS OPCH OSTK PPBI PATK BTU PNR PRFT PCG PDS PRCT RS RCL SPGI SAH LUV SRCL STM STRA FTI TECK TXT SHYF TSCO TW TPH TRS VLO VLY WAB WST WEX WTW XEL
• Afternoon:  ACHC AB ALSN AMH ABCB APPF ATR AJG AXNX AX BZH BJRI SAM BYD CP CWST CC CINF OFC COUR CUZ DECK DXCM DLR EMN EIX ENPH EQR ESS EXPO FHI FSLR F FBIN GLPI HIG PEAK HUBG HURN INTC JNPR KNSL KLAC LYV LPLA LTC MGRC MTH MTD MTX MHK MDLZ NATI OLN PEB PFSI PFG PFS ROKU SIMO SKX SKYW SNBR SSB SPSC SSNC SG TMUS TXRH SLCA X UCTT VRSN WY

 Friday (Jul 28)

• Morning:  AON ARCB AZN AVTR B BAH CNC GTLS CHTR CVX CHD CNHI CL DAN XOM FHB BEN GNTX IMO MOG.A NWL NMRK NVT PIPR POR PG SAIA SNY STEL STVN TROW TRP WPC WT

-=Tower Semi (TSEM) to be acquired by Intel (INTC) for $53.00 per share

• Update 4/25/22: Tower Semi shareholders approve Intel (INTC) merger at Extraordinary General Meeting; still subject to certain regulatory approvals and customary closing conditions

 

 

 Tower Semi to be acquired by Intel (INTC) for $53.00 per share in cash

• Intel Corporation (INTC) and Tower Semiconductor (TSEM) announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition significantly advances Intel's IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand.
• Transaction creates a globally diverse end-to-end foundry to help meet growing semiconductor demand and brings more value to customers across the nearly $100 billion addressable foundry market.
• Acquisition accelerates Intel's path to becoming a major provider of foundry services and capacity globally, now offering one of the industry's broadest portfolios of differentiated technology.
• Highly complementary transaction brings together Intel's leading-edge nodes and scale manufacturing with Tower Semiconductor's specialty technologies and customer-first approach to deliver leading technology and manufacturing capabilities and enhanced value to customers globally.
• Transaction is expected to be immediately accretive to Intel's non-GAAP EPS.

** day before **

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.

TSMC's market value surges beyond Intel, Nvidia combined

Taiwan Semiconductor Manufacturing Corp. has left its biggest Silicon Valley-based rivals far behind by one indicator: market value. The world’s largest contract producer of chips was valued at $661.5 billion at Thursday’s U.S. close, according to data compiled by Bloomberg. TSMC surpassed the total value of the two largest U.S. chip companies, Intel Corp. and Nvidia Inc., by $89.8 billion after disclosing plans for a surge in capital spending this year. TSMC exceeded their combined value for the first time only 5 1/2 weeks earlier, on Dec. 7.

Intel (INTC) reported earnings on Thur 22 Oct 20 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 

Intel CEO Bob Swan

Intel reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs in-line, DCG's Enterprise & Govt segment revs down 47%, co guides to sequential decline in non-GAAP op mgn

Reports Q3 (Sep) earnings of $1.11 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $1.11; revenues fell 4.5% year/year to $18.33 bln vs the $18.26 bln S&P Capital IQ Consensus.

• Non-GAAP operating margin was 29.4% vs prior guidance of 30%.
• Q3 revenue was ahead of prior expectations driven by continued strength in notebook sales, which helped offset COVID-driven headwinds affecting significant portions of its business.

In the Data Center Group (DCG), Cloud revenue grew 15% yr/yr on continued demand to support vital services in a work and learn-at-home environment.

• At the same time, a weaker economy due to COVID-19 impacted DCG's Enterprise & Government market segment, which was down 47% following two quarters of more than 30%.
• The pandemic also weighed on Q3 data-centric results in the Internet of Things Group and the memory business (NSG).
• Mobileye revenue returned to growth in the third quarter as global vehicle production improved.

The PC-centric business (CCG) was up 1% yr/yr on continued notebook strength to support the work- and learn-at-home dynamics of COVID-19.

• In Q3, co launched the world's best processor for thin and light laptops, 11th Gen Intel Core processors with Intel Iris Xe graphics (formerly known as "Tiger Lake").
• More than 150 designs from major PC makers are in development, including 100 designs expected to be in market by the end of this year with more than 40 verified under the new Intel Evo platform brand.

Intel's third 10nm manufacturing facility, which is located in Arizona, is now fully operational and the company now expects to ship 30% higher 10nm product volumes in 2020 compared to January expectations.

Co issues in-line guidance for Q4, sees EPS of approx $1.10, excluding non-recurring items, vs. $1.08 S&P Capital IQ Consensus; sees Q4 revs of approx $17.40 bln vs. $17.39 bln S&P Capital IQ Consensus. Co guides to Q4 non-GAAP operating margin of 26.5%.

Intel (INTC) reported earnings on Thur 23 July 20 (a/h)

 ** charts before earnings **

** charts after earnings **

Intel beats by $0.12, beats on revs; guides Q3 EPS below consensus, revs above consensus; guides FY20 EPS and revs above consensus; 7nm product transition delayed vs prior expectations

 

Reports Q2 (Jun) earnings of $1.23 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $1.11; revenues rose 19.5% year/year to $19.73 bln vs the $18.55 bln S&P Capital IQ Consensus.

• Data-centric revenue grew 34%, accounting for 52% of total revenue.
• PC-centric revenue grew 7%.
• Non-GAAP gross margin fell to 54.8% from 61.6% a year ago.
• Accelerating 10nm product transition; 7nm product transition delayed versus prior expectations.
• Co says results were driven by strong sales of cloud, notebook, memory and 5G products.

Co issues mixed guidance for Q3, sees EPS of approx $1.10, excluding non-recurring items, vs. $1.14 S&P Capital IQ Consensus; sees Q3 revs of approx $18.20 bln vs. $17.94 bln S&P Capital IQ Consensus.

Co issues upside guidance for FY20, sees EPS of approx $4.85, excluding non-recurring items, vs. $4.78 S&P Capital IQ Consensus; sees FY20 revs of approx $75.00 bln vs. $73.83 bln S&P Capital IQ Consensus.

Co is accelerating its transition to 10nm products this year with increasing volumes and strong demand for an expanding line up. This includes a growing portfolio of 10nm-based Intel Core processors with "Tiger Lake" launching soon, and the first 10nm-based server CPU "Ice Lake," which remains planned for the end of this year. In 2H21, Intel expects to deliver a new line of client CPU's (code-named "Alder Lake"), which will include its first 10nm-based desktop CPU, and a new 10nm-based server CPU (code-named "Sapphire Rapids").

The company's 7nm-based CPU product timing is shifting approximately six months relative to prior expectations. The primary driver is the yield of Intel's 7nm process, which based on recent data, is now trending approximately twelve months behind the company's internal target.

Earnings this week : July 20 - 24, 20 (wk 30)

Monday (July 20)

• Morning: CALM HAL LII MAN ONB PETS PHG
• Afternoon: ACC BXS CDNS CCK ELS IBM LLNW LOGI STLD ZION

Tuesday (July 21)

• Morning: CIT KO CMA CBSH GATX GPK LMT MUSA NEOG NVS OGI PM PLD SBNY SFNC SYF SNV UBS
• Afternoon: AIR CNI COF CSL FMBI FULT HWC HOPE IBKR ISRG IRBT NBHC NAVI PNFP REXR SNAP SUM AMTD TER TXN UAL UCBI USNA WRB WTFC

Wednesday (July 22)

• Morning: ABB APH AVNT BKR BIIB BOKF CADE CP CHKP CSTM DOV EVR FCFS HCA IQV KEY KNX LAD MKTX NDAQ NRZ NTRS NVR RCI SLGN SBSI TDY TMO
• Afternoon: ALGN NTB BDN BCOV CMG CNS CLB CSX CVBF DFS ECHO EFX FR GL GGG HNI ICLR KALU KMI LSTR LVS MTH MSFT NTGR PLXS SLM SEIC SLG STL SUI SU TSLA TCBI TRN UMPQ UFPI VMI WAFD WSBC WHR

Thursday (July 23)

• Morning: APD ALK ALLE ADS AB AAL T AN BANC BX CVE GTLS CTAS CTXS CMS COLB DHR DOW EWBC ENTF FITB FAF FSV FCX GWW HRI HSY HBAN KMB MTB HZO MTRN NUE ORI PTEN PNR POOL BPOP PHM DGX RS LUV STM TECK TSCO TRV TWTR UNP VLY WSO WBS WST
• Afternoon: ASB OZK BJRI SAM BOOM ETFC EW EHTH FFBC FE IEX INTC LMAT MANH MAT MXL PBCT RGP RHI SCHL SGMS SKX SWKS SIVB VRSN VICR AUY

Friday (July 24) 

• Morning: AIMC AXP BLMN CRI FHB GNTX HON MOG.A NEE NEP SLB TPH TRTN VZ

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

** charts before earnings **

 

** charts after earnings **

Intel beats by $0.18, beats on revs; guides Q4 EPS above consensus, revs above consensus; guides FY19 EPS above consensus, revs above consensus

Reports Q3 (Sep) earnings of $1.42 per share, $0.18 better than the S&P Capital IQ Consensus of $1.24; revenues rose 0.1% year/year to $19.19 bln vs the $18.07 bln S&P Capital IQ Consensus.

• The PC-centric business (CCG) was down 5 percent in the third quarter on lower year-on-year platform volume, partially offset by a strong mix of Intel's higher performance products as the commercial segment of the PC market remained strong. Major PC manufacturers introduced systems featuring the new, 10nm-based 10th Gen Intel Core processors (code-named "Ice Lake"). Eighteen new Ice Lake-powered system designs have shipped to date, with a total of 30 designs expected to launch in 2019. The company also announced new 10th Gen Intel Core mobile PC processors (formerly code-named "Comet Lake") and new Intel Xeon W and X-Series processors for workstations and high-end desktops.
• Collectively, Intel's data-centric businesses achieved record revenue in the third quarter, up 6 percent YoY. The Data Center Group (DCG) delivered record revenue driven by a strong mix of high-performance Intel Xeon processors and growth in every segment of the business. The communications service provider segment grew 11 percent while the cloud segment returned to growth, up 3 percent, and enterprise and government revenue grew 1 percent. The Internet of Things Group (IOTG) also achieved record revenue, up 9 percent on strength in retail and transportation. Mobileye achieved record revenue, up 20 percent YoY on increasing ADAS adoption. Intel's memory business (NSG) also achieved record revenue, up 19 percent YoY. The Programmable Solutions Group (PSG) shipped the first 10nm-based Intel Agilex FPGAs in the third quarter. PSG third-quarter revenue was up 2 percent YoY.

Co issues upside guidance for Q4, sees EPS of $1.24 vs. $1.21 S&P Capital IQ Consensus; sees Q4 revs of $19.2 bln vs. $18.83 bln S&P Capital IQ Consensus.

Co issues upside guidance for FY19, sees EPS of $4.60 vs. $4.38 S&P Capital IQ Consensus; sees FY19 revs of $71.0 bln vs. $69.47 bln S&P Capital IQ Consensus.

Also, Intel announced its board of directors has approved a $20 billion increase in its stock repurchase program authorization.

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.

Earnings this week : Jan 21 - 25, 19 (wk 4)

Earnings confirmed to report this week:

Monday (Jan 21)    

• Market closed for Martin Luther King Jr. Day

Tuesday (Jan 22)

• Morning: ATI FITB GATX HAL HMST JNJ LOGI EDU PETS PLD SWK TRV
• Afternoon: AMTD CNMD COF FMBI HOPE IBKR IBM LRN LTXB NAVI RNST SFNC TBK UCBI WTFC ZION

Wednesday (Jan 23)

• Morning:  ABT APH ASML BKU BPOP CBU CMCSA HZO KMB NTRS PG PGR RES ROL SYF TDY TEL UTX WAT
• Afternoon:  ADTN AZPN BGG BXS CATY CCI CMRE CNS CP CTXS CVBF F FFBC FFIV HXL LRCX  LVS NXGN PTC RJF SLG SLM STL TCBI TER TRMK TXN UMPQ URI VAR XLNX

Thursday (Jan 24)

• Morning:  AAL AEP AIT AVX BANC BMY COLB DLX EWBC FCX GWW HBAN ISCA JBLU LUV MKC MMYT ORI RCI STM TAL TXT UNP VIVO WBS
• Afternoon: ALK ASB AVT CUBI DFS  ETFC FHB FII HTH INTC ISRG NBHC NSC OSIS RMD SBCF SBUX SIVB WAL WDC

Friday (Jan 25)

• Morning: ABBV ABCB APD CL DHI ERIC HRC IBKC LEA MOG.A NEE

=Intel (INTC) reported earnings on Thur 25 Jan 2018 (a/h)

Intel beats by $0.21, beats on revs; guides Q1 in-line; raises quarterly dividend 10% 

• Reports Q4 (Dec) earnings of $1.08 per share, $0.21 better than the Capital IQ Consensus of $0.87; revenues rose 4.1% year/year to $17.05 bln vs the $16.34 bln Capital IQ Consensus. Excluding McAfee, fourth-quarter revenue grew 8 percent year-over-year with data-centric revenue up 21%. Intel saw strong performance from data-centric businesses, which accounted for 47% of Intel's fourth-quarter revenue, an all-time high. The Data Center Group (DCG), Internet of Things Group (IOTG) and Programmable Solutions Group (PSG) all achieved record quarterly revenue. Intel's Client Computing Group (CCG) shipped a record volume of Intel Core i7 processors.
• "The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO. "Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track."
• Co issues in-line guidance for Q1, sees EPS of $0.65-0.75, excluding non-recurring items, vs. $0.72 Capital IQ Consensus Estimate; sees Q1 revs of $14.5-15.5 bln vs. $15.03 bln Capital IQ Consensus Estimate.
• Raises quarterly dividend 10% to $0.30; yield 2.6%.

Intel guides FY18 above consensus 
Sees FY18 adj. EPS $3.55 vs $3.28 Capital IQ Consensus; sees revs $65.00 bln vs $63.89 bln Capital IQ Consensus; gross margins down 2-2.5% on growth of adjacent businesses & 10nm ramp, operating margin down 1% to 30%; Spending down 1-1.5%; FCF $13 bln

=Intel (INTC) reported earnings on Thur 26 Oct 2017 (a/h)

Intel beats by $0.14, beats on revs; guides Q4 EPS, revs in-line; raises FY17 EPS, revs guidance above consensus 

• Reports Q3 (Sep) earnings of $0.94 per share, $0.14 better than the Capital IQ Consensus of $0.80;revenues rose 2.4% year-over-year to $16.15 bln vs the $15.73 bln Capital IQ Estimate. Gross margins were 62.3%, down 1 pt from 63.3% a year ago
  • Client computing flat to $8.9 bln
  • Data Center up 7% to $4.9 bln
  • IoT up 23% to $849 mln
  • non-Volatile Memory up 37% to $891 mln
  • Programmable Solutions up 10% to $469 mln
• Co issues in-line guidance for Q4, sees EPS of $0.81-0.91 vs. $0.83 Capital IQ Consensus Estimate; sees Q4 revs of $15.8-16.8 bln vs. $16.11 bln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY17, sees EPS of $3.20-3.30 from $2.85-3.15) vs. $3.01 Capital IQ Consensus Estimate; sees FY17 revs of $61.5-62.5 bln (from $60.8-61.8 bln) vs. $61.39 bln Capital IQ Consensus Estimate.

Mobileye (MBLY) to be acquired by Intel (INTC) for $63.54/share

    

• Mobileye (MBLY), the Israeli autonomous driving software company,  to be acquired by Intel (INTC) for $63.54/share in cash, or ~ $15.3 bln

SANTA CLARA, Calif. (AP) — Intel will buy Israel's Mobileye in a deal valued at just over $14 billion, the latest push by a major tech company to advance autonomous vehicles that could change the way traffic moves globally.

Mobileye develops technology that essentially gives computers a sense of their physical surroundings and it has also been busying creating ties to get that technology onto the road. Last year, it teamed up with Delphi Automotive to develop the building blocks for a fully autonomous car.

The companies put the equity value of the deal at approximately $15.3 billion.

The combined global autonomous driving company, which includes Mobileye and Intel's autonomous driving group, will be based in Israel and led by Mobileye Chairman and co-founder Amnon Shashua. The organization will support both companies' existing production programs and build on relationships with automotive original equipment manufacturers, Tier-1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.

Intel CEO Brian Krzanich said in a company release that by working together, the companies will be able to "accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."

===Intel (INTC) reported earnings on Tue 18 Oct 2016 (a/h)

 Intel beats Q3 estimates after raising revenue, gross margin guidance on Sept 16; guides Q4 revs in-line, gross margin lower Q/Q at midpoint  :

• Reports Q3 (Sep) earnings of $0.80 per share, excluding non-recurring items,$0.08 better than the Capital IQ Consensus of $0.72; revenues rose 9.1% year/year to $15.78 bln vs the $15.61 bln Capital IQ Consensus; adj. gross margin 64.8%. GAAP EPS $0.69 vs. $0.67 consensus.
• On September 16, co raised Q3 rev guidance to $15.3-15.9 bln from $14.4-15.4 bln; raised non-GAAP gross margin to 63% from 62%.
• Q3 results by segment:
  • Client Computing Group revenue of $8.9 bln, up 21 percent sequentially and up 5 percent yearover-year
  • Data Center Group revenue of $4.5 bln, up 13 percent sequentially and up 10 percent yearover-year
  • Internet of Things Group revenue of $689 mln, up 20 percent sequentially and up 19% Y/Y
  • Non-Volatile Memory Solutions Group revenue of $649 mln, up 17 percent sequentially and down 1% Y/Y
  • Intel Security Group revenue of $537 mln, flat sequentially and up 6% Y/Y
  • Programmable Solutions Group revenue of $425 mln, down 9 percent sequentially
• Co issues in-line guidance for Q4, sees Q4 revs of $15.2-16.2 bln vs. $15.88 bln Capital IQ Consensus; gross margin 63% +/- a couple percent. This revenue forecast is lower than the average seasonal increase for the fourth quarter.

Intel (INTC) reported 4Q earnings on Thur 14 Jan 2016

 ** charts after earnings **

Intel (INTC): the company reported a 4Q operating income decline of $200 million despite an earnings beat with in-line revenue 

Co beat Q4 EPS on in-line revs, however data Center growth below expectations; recent Altera acquisition (exposure to China, industrial markets) and macro caution weighed on their guidance.

Select semi/PC related stocks trading lower following INTC earnings: STM -4.3%, SWKS -3.8%, ARMH -3.7%, ASML -3.5%, MU -3.1%

Intel (INTC)

After a strong advance in late 2014, a negative divergence emerged and was followed by a topping head & shoulders pattern. The measurement of that pattern - from the top of the head to the neckline -was roughly 17.8%. Once neckline support was lost, the measurement is determined by another 17.8% decline, or a drop to roughly 24.66. Several weeks ago, INTC found its bottom at 24.87, not far from reaching that measurement/downside target. Now INTC is rebounding and it's doing so with nice relative strength vs. its peers and at a time when semiconductors have held relative trendline support vs. the S&P 500. On Wednesday, INTC closed back above 30.00, an important short-term resistance level but is currently trading back beneath that level today. On this weekly chart, we need to see a weekly close above 30.00 to trigger a buy signal. In the meantime, more short-term weakness down to test recent price support near 28.00 could suggest building a long position as well.

Altera (ALTR) acquired by Intel (INTC) for $16.7 billion

• Altera (ALTR) acquired by Intel (INTC) for $16.7 billion in June, 2015.