Intel (INTC) Tops Q2 EPS by 6c

Intel (NASDAQ: INTC) reported Q2 EPS of $0.59, $0.06 better than the analyst estimate of $0.53. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.54 billion.

Q2 Key Business Unit Trends*
• Client Computing Group revenue of $7.3 billion, down 3 percent sequentially and down 3 percentyear-over-year
• Data Center Group revenue of $4.0 billion, up 1 percent sequentially and up 5 percent year-overyear
• Internet of Things Group revenue of $572 million, down 12 percent sequentially and up 2 percent year-over-year
• Non-Volatile Memory Solutions Group revenue of $554 million, down 1 percent sequentially and down 20 percent year-over-year
• Intel Security Group revenue of $537 million, flat sequentially and up 10 percent year-over-year
• Programmable Solutions Group revenue of $465 million, up 30 percent sequentially. Note the comparable period did not include $99 million of revenue as a result of acquisition-related adjustments.

Guidance:

Intel sees Q3 revenue of $14.9 billion +/- $500 million and FY16 revenue up in the mid-single-digits range. The Street sees Q3 revenue of $14.6 billion.

Below is CFO commentary on the quarter.

For earnings history and earnings-related data on Intel (INTC) click here.

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