| | | PCs, data center drive Intel beats; shares +6%
Jan. 23, 2020 4:18 PM ET|About: Intel Corporation (INTC)|By: Brandy Betz, SA News Editor
Intel (NASDAQ: INTC) +6.3% reports Q4 beats with 8% Y/Y revenue growth. The company sees an upside FY20 with revenue of $73.5B, $5 EPS, 33% operating margin, and a 13% tax rate.
For the upside Q1, Intel expects revenue of $19B, $1.30 EPS, 35% operating margin, and 13% tax rate.
Q4 Revenue breakdown: Client Computing, $10B (consensus: $9.74B); Data Center, $7.2B (consensus: $6.4B); IoT, $920M (consensus: $1.03B); Non-Volatile Memory Solutions, $1.2B (consensus: $1.28B); Programmable Solutions, $505M(consensus: $539.7M); Mobileye, $240M.
Gross margin was 60.1% compared to the 58.4% estimate.
Earnings call starts at 5 PM with a webcast here.
Press release.
Peers on the move: Nvidia (NASDAQ: NVDA) +1.3%, Micron (NASDAQ: MU) +1.4%, and AMD (NASDAQ: AMD) +1%.
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