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Intel (INTC) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Intel (INTC - Free Report) reported revenue of $14.16 billion, down 7.7% over the same period last year. EPS came in at $0.41, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $13.5 billion, representing a surprise of +4.91%. The company delivered an EPS surprise of +95.24%, with the consensus EPS estimate being $0.21.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Network and Edge: $1.45 billion compared to the $1.40 billion average estimate based on six analysts. The reported number represents a change of -36% year over year.
Net Revenues- Intel Foundry Services: $311 million versus the six-analyst average estimate of $244.17 million. The reported number represents a year-over-year change of +81.9%.
Net Revenues- Client Computing Group: $7.87 billion compared to the $7.18 billion average estimate based on six analysts. The reported number represents a change of -3.2% year over year.
Net Revenues- Data Center and AI: $3.81 billion compared to the $3.97 billion average estimate based on six analysts. The reported number represents a change of -9.4% year over year.
Net Revenues- All other: $186 million versus $119.86 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +177.6% change.
Net Revenues- Mobileye: $530 million compared to the $512.09 million average estimate based on five analysts. The reported number represents a change of +17.8% year over year.
Net Revenues- Client Computing- Notebook: $4.50 billion compared to the $4.20 billion average estimate based on two analysts.
Net Revenues- Client Computing- Desktop: $2.75 billion compared to the $2.41 billion average estimate based on two analysts.
Shares of Intel have returned -5.1% over the past month versus the Zacks S&P 500 composite's -3.4% 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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Intel (INTC) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Intel (INTC - Free Report) reported revenue of $14.16 billion, down 7.7% over the same period last year. EPS came in at $0.41, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $13.5 billion, representing a surprise of +4.91%. The company delivered an EPS surprise of +95.24%, with the consensus EPS estimate being $0.21.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Network and Edge: $1.45 billion compared to the $1.40 billion average estimate based on six analysts. The reported number represents a change of -36% year over year.
- Net Revenues- Intel Foundry Services: $311 million versus the six-analyst average estimate of $244.17 million. The reported number represents a year-over-year change of +81.9%.
- Net Revenues- Client Computing Group: $7.87 billion compared to the $7.18 billion average estimate based on six analysts. The reported number represents a change of -3.2% year over year.
- Net Revenues- Data Center and AI: $3.81 billion compared to the $3.97 billion average estimate based on six analysts. The reported number represents a change of -9.4% year over year.
- Net Revenues- All other: $186 million versus $119.86 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +177.6% change.
- Net Revenues- Mobileye: $530 million compared to the $512.09 million average estimate based on five analysts. The reported number represents a change of +17.8% year over year.
- Net Revenues- Client Computing- Notebook: $4.50 billion compared to the $4.20 billion average estimate based on two analysts.
- Net Revenues- Client Computing- Desktop: $2.75 billion compared to the $2.41 billion average estimate based on two analysts.
View all Key Company Metrics for Intel here>>>Shares of Intel have returned -5.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.