Intel (INTC): Q3 Non-GAAP EPS of $1.71 beats by $0.60; GAAP EPS of $1.67 beats by $0.61.Non-GAAP Revenue of $18.1B (-1.1% Y/Y) misses by $170M.Shares -3.6%.Press Release Achieved...
- EPS beat by $0.60
- Revenue very slight miss by $170M
- Guidance: Raising full-year 2021 EPS and gross margin guidance. Now expecting GAAP EPS of $4.50 and non-GAAP EPS of $5.28 from prior guidance of $4.80 vs. $4.11 consensus. and GAAP gross margin of 55% and non-GAAP gross margin of 57%.
- Q4 Guidance: Revenue of $18.3B vs. $18.26B consensus, EPS of $0.90 vs. $0.94 consensus.
- Q4 gross margin guidance weak at 51.4% compared to 56% Q3.