(Updated - April 15, 2014 4:08 PM EDT)

Intel (Nasdaq: INTC) reported Q1 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $12.8 billion versus the consensus estimate of $12.81 billion.

"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich. "Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things."

Q2 2014

• Revenue: $13.0 billion, plus or minus $500 million. The Street sees revs of $12.96 billion.
• Gross margin percentage: 63 percent, plus or minus a couple of percentage points.
• R&D plus MG&A spending: approximately $4.8 billion.
• Restructuring and asset impairment charges: approximately $100 million.
• Amortization of acquisition-related intangibles: approximately $75 million.
• Impact of equity investments and interest and other: approximately $75 million.
• Depreciation: approximately $1.9 billion.

Full-Year 2014

• Revenue: approximately flat, unchanged from prior expectations.
• Gross margin percentage: 61 percent, plus or minus a few percentage points, 1 percentage point higher than prior expectations.
• R&D plus MG&A spending: $18.9 billion, plus or minus $200 million, higher than prior expectations of $18.6 billion.
• Amortization of acquisition-related intangibles: approximately $300 million, unchanged from prior expectations.
• Depreciation: approximately $7.4 billion, unchanged from prior expectations.
• Tax rate: approximately 27 percent for each of the remaining quarters of the year.
• Full-year capital spending: $11.0 billion, plus or minus $500 million, unchanged from prior expectations.

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