Intel Reports Record Second-Quarter Revenue of $14.8 Billion
GAAP Operating Income of $3.8 Billion, Non-GAAP Operating Income of $4.2 Billion
Company Raises Full-Year Revenue and EPS Outlook|
Thursday, July 27, 2017 4:15:00 PM ET
- Record second-quarter revenue up 14 percent year-over-year (excluding Intel Security Group) with strong
performance in client computing (up 12 percent) and data-centric* businesses (up 16 percent).
- GAAP earnings per share (EPS) was $0.58 and non-GAAP EPS was $0.72, up 22 percent year-over-year
driven by strong topline growth and gross margin improvement.
- Intel raises full-year revenue outlook by $1.3 billion to $61.3 billion; raises full-year GAAP EPS outlook by $0.10
to $2.66 and non-GAAP EPS by $0.15 to $3.00.
- Launched Intel’s highest performance products ever: the Intel® Core™ X-Series family for advanced gaming,
VR and more, as well as Intel® Xeon® Scalable processors, which offer data center customers huge
performance gains for artificial intelligence (AI) and other data-intensive workloads.
SANTA CLARA, Calif., July 27, 2017 -- Intel Corporation today reported second-quarter revenue of $14.8 billion, up
9 percent year-over-year. After adjusting for the Intel Security Group (ISecG) transaction, second-quarter revenue
grew 14 percent from a year ago. Operating income was $3.8 billion, up 190 percent year-over-year, and non-GAAP
operating income was $4.2 billion, up 30 percent. EPS was $0.58, up 115 percent year-over-year, and non-GAAP
EPS was $0.72, up 22 percent.
The company also generated approximately $4.7 billion in cash from operations, paid dividends of $1.3 billion, and
used $1.3 billion to repurchase 36 million shares of stock. Intel is raising its full-year revenue outlook by $1.3 billion
to $61.3 billion and raising its EPS outlook to $2.66 (GAAP) and $3.00 (non-GAAP), which is a 15 cent increase
over the previous guidance.
“Q2 was an outstanding quarter with revenue and profits growing double digits over last year,” said Brian Krzanich,
Intel CEO. “We also launched new Intel Core, Xeon and memory products that reset the bar for performance
leadership, and we’re gaining customer momentum in areas like AI and autonomous driving. With industry-leading
products and strong first-half results, we’re on a clear path to another record year."
For the full press release, please click here .