Intel (INTC) Reports In-Line Q2 EPS of 39c; Guides Q3 Revs, Cuts FY13 Outlook

July 17, 2013 4:02 PM EDT
(Updated - July 17, 2013 4:12 PM EDT)

Intel (NASDAQ: INTC) reported Q2 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $12.8 billion versus the consensus estimate of $12.89 billion.

Gross margin was 58.3 percent in the quarter.

PC Client Group revs fell 7.5 percent to $8.1 billion. Data Center Group revs were flat at $2.7 billion. Other Intel Architecture Group revs down 15 percent from last year.

Looking ahead, the market will continue buying a wide range of computing products, commented CEO Brian Krzanich. Intel Atom and Core processors and increased SOC integration will be Intel's future. We will leave no computing opportunity untapped. To embrace these opportunities, I've made it Intel's highest priority to create the best products for the fast growing ultra-mobile market segment.

Intel sees Q313 revenue of $13.5 million, +/- $500 million. Sees gross margins at 61 percent +/- a few percentage points.

Sees FY13 revs approximately flat year-on-year, down from prior expectations of low single digit percentage increase. Sees gross margin around 59 percent, down from 60 percent +/- a few percentage points

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

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