Intel beats by $0.05, beats on revs; guides Q3 revs towards high end of expectations; lowers FY15 rev slightly, above estimates, raises gross margin slightly, lowers cap-ex
Reports Q2 (Jun) earnings of $0.55 per share, $0.05 better than the Capital IQ Consensus of $0.50; revenues fell 4.6% year/year to $13.2 bln vs the $13.05 bln consensus.
Gross margin 62.5% vs. 62% +/- couple % guidance
Co issues guidance for Q3, sees Q3 revs of $13.8-14.8 bln vs. $14.07 bln Capital IQ Consensus Estimate.
Gross margin percentage: 63 percent, plus or minus a couple of percentage points.
Co issues upside guidance for FY15, lowers FY15 revs to down ~1% (from flat YoY) to ~$55.3 bln vs. $54.7 bln Capital IQ Consensus Estimate.
Gross margin percentage raised to 61.5%, plus or minus a couple of percentage points, from 61%; lowers cap-ex to $7.2-8.2 bln from $8.2-9.2 bln.
"We expect the launches of Skylake, Microsoft's Windows 10 and new OEM systems will bring excitement to client computing in the second half of 2015."