Intel Blows Away Estimates – Fifth Straight Quarter of Record Revenue

Intel was expected to earn $0.51 per share for quarter ended Jun 11. Estimates from Wall Street analysts ranged from as low as $0.49 per share to as high as $0.59 per share. Intel announced that revenue in the three months ended in June rose to $13.1 billion, yielding EPS of 59 cents per share. This is obviously at the top of where analysts had estimated! On a Non-GAAP basis, revenue was $13.1 billion, operating income was $4.2 billion, net income was $3.2 billion, and EPS was 59 cents. On a GAAP basis, the company reported second-quarter revenue of $13.0 billion, operating income of $3.9 billion, net income of $3.0 billion, and EPS of 54 cents. The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $961 million, and used $2.0 billion to repurchase 93 million shares of common stock.