Neil's avatar
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Intel Earnings Reaction
A disaster.

  • For the second quarter, Intel reported earnings per share (EPS) of $0.29, a decrease of 79% year over year, missing its own guidance by $0.41.
  • Revenue came in at $15.3 billion, down 17% year over year (YOY) and missing estimates by $2.7 billion.
  • Gross margin was 44.8%, 6.2 percentage points below guidance, and down 15 percentage points YOY.
  • The company expects Q3 revenue to come in at $17 billion at the midpoint, down 15% YOY. It expects gross margin of 46.5%, down 11.8 percentage points YOY, and EPS of $0.35, down 76% YOY.
  • If this decline continues, dividends might be in danger. But for those that believe that Pat Gelsinger and his team can turn this around, this might turn out to be a great long-term bet.
ThomasFJE's avatar
Many people got caught in this value trap / “better CEO” promise. Hope it will eventually work out!
Neil's avatar
@smh The CEO is better (not that difficult) no matter what but a company of Intel's size doesn't change overnight

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