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Compared to Estimates, Intel (INTC) Q2 Earnings: A Look at Key Metrics
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Intel (INTC - Free Report) reported $12.95 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 15.5%. EPS of $0.13 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.03 billion, representing a surprise of +7.68%. The company delivered an EPS surprise of +425.00%, with the consensus EPS estimate being -$0.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Intel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenues- Client Computing Group: $6.78 billion compared to the $5.97 billion average estimate based on six analysts. The reported number represents a change of -11.6% year over year.
Net Revenues- Datacenter and AI: $4 billion versus $3.72 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -13.9% change.
Net Revenues- Network and Edge: $1.36 billion versus the six-analyst average estimate of $1.53 billion. The reported number represents a year-over-year change of -41.5%.
Net Revenues- Intel Foundry Services: $232 million versus the six-analyst average estimate of $125.68 million. The reported number represents a year-over-year change of +90.2%.
Net Revenues- Mobileye: $454 million versus the five-analyst average estimate of $472.95 million. The reported number represents a year-over-year change of -1.3%.
Net Revenues- All other: $115 million versus $166.26 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +259.4% change.
Net Revenues- Client Computing- Desktop: $2.37 billion versus the two-analyst average estimate of $1.97 billion.
Net Revenues- Client Computing- Notebook: $3.90 billion versus the two-analyst average estimate of $3.56 billion.
Shares of Intel have returned +2.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Intel (INTC) Q2 Earnings: A Look at Key Metrics
Intel (INTC - Free Report) reported $12.95 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 15.5%. EPS of $0.13 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.03 billion, representing a surprise of +7.68%. The company delivered an EPS surprise of +425.00%, with the consensus EPS estimate being -$0.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Intel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Client Computing Group: $6.78 billion compared to the $5.97 billion average estimate based on six analysts. The reported number represents a change of -11.6% year over year.
- Net Revenues- Datacenter and AI: $4 billion versus $3.72 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -13.9% change.
- Net Revenues- Network and Edge: $1.36 billion versus the six-analyst average estimate of $1.53 billion. The reported number represents a year-over-year change of -41.5%.
- Net Revenues- Intel Foundry Services: $232 million versus the six-analyst average estimate of $125.68 million. The reported number represents a year-over-year change of +90.2%.
- Net Revenues- Mobileye: $454 million versus the five-analyst average estimate of $472.95 million. The reported number represents a year-over-year change of -1.3%.
- Net Revenues- All other: $115 million versus $166.26 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +259.4% change.
- Net Revenues- Client Computing- Desktop: $2.37 billion versus the two-analyst average estimate of $1.97 billion.
- Net Revenues- Client Computing- Notebook: $3.90 billion versus the two-analyst average estimate of $3.56 billion.
View all Key Company Metrics for Intel here>>>Shares of Intel have returned +2.4% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.