Intel (INTC) Tops Q2 EPS by 12c, Revenue Beats, Offers FY Guidance, Q3 Guidance Light; Delays 7nm Chip

(Updated - July 23, 2020 4:04 PM EDT)

Intel (NASDAQ: INTC) reported Q2 EPS of $1.23, $0.12 better than the analyst estimate of $1.11. Revenue for the quarter came in at $19.7 billion versus the consensus estimate of $18.55 billion.

Intel's next generations 7nm technology is a month behind schedule.

GUIDANCE:

Intel sees FY2020 EPS of $4.85, versus the consensus of $4.81. Intel sees FY2020 revenue of $75 billion, versus the consensus of $73.86 billion.

Intel sees Q3 EPS of $1.10, versus the consensus of $1.14. Intel sees Q3 revenue of $18.2 billion, versus the consensus of $17.9 billion.

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

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