Intel (INTC) Tops Q3 EPS by 5c; Q4 Revenue Guidance Comes in Slightly Below Views

(Updated - October 13, 2015 4:05 PM EDT)

Intel (NASDAQ: INTC) reported Q3 EPS of $0.64, $0.05 better than the analyst estimate of $0.59. Revenue for the quarter came in at $14.5 billion versus the consensus estimate of $14.22 billion.

“We executed well in the third quarter and delivered solid results in a challenging economic environment,” said Brian Krzanich, Intel CEO. “The quarter demonstrates Intel innovation in action. Customers are excited about our new 6th Gen Intel Core processor, and we introduced our breakthrough 3D XPoint™ technology, the industry’s first new memory category in more than two decades."

Q3 Key Business Unit Trends

• Client Computing Group revenue of $8.5 billion, up 13 percent sequentially and down 7 percent year-over-year
• Data Center Group revenue of $4.1 billion, up 8 percent sequentially and up 12 percent year-overyear
• Internet of Things Group revenue of $581 million, up 4 percent sequentially and up 10 percent year-over-year
• Software and services operating segments revenue of $556 million, up 4 percent sequentially and flat year-over-year

Q4 2015

• Revenue: $14.8 billion, plus or minus $500 million.
• Gross margin percentage: 62 percent, plus or minus a couple of percentage points.
• R&D plus MG&A spending: approximately $5.0 billion.
• Restructuring charges: approximately $25 million.
• Amortization of acquisition-related intangibles: approximately $70 million.
• Impact of equity investments and interest and other: approximately zero.
• Depreciation: approximately $1.9 billion.
• Tax rate: approximately 25 percent.
• Full-year capital spending: $7.3 billion, plus or minus $500 million.

(Street sees Q4 EPS of $0.60 on revenue of $14.83 billion)

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

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