Intel (INTC) Guidance Implies $58.7B in Revs, $2.46 in EPS - RBC Capital

RBC Capital analyst Doug Freedman has some quick commentary on Intel (NASDAQ: INTC) following the company's outlook and increased dividend.

Freedman said, "INTC is guiding 2015 revenues to grow in the mid-single digits (RBCe/+1.9%, cons/+3.3%), gross margins to 62.0% (RBCe/62.6%, cons/62.9%), OpEx to be down as % of sales, spending of $20bil (RBCe/+0.8%, cons/+0.9%, $19.7bil), and CapEx to be $10.5bil, or (RBCe/-1.5%, $10.8bil). The dividend was also increased to $0.96 a year annually, up from $0.23 a quarter or $0.92 for the full year. FY2015 Street revenues/GMs/OpEx/EPS is $55.7bil/62.9%/$19.7bil/$2.39. We believe the guidance implies $58.7bil in revenues and $2.46 in EPS. We don't know whether they are being conservative on GMs or not, and we note that OpEx grows slower than revenues Y/Y in 2015 according to their guidance."

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