Intel's Latest Processors Are the Product of a Cautious Strategy That Could Backfire The company is slowing the pace at which it adopts new manufacturing processes. That could give AMD and chip foundries a chance to gain ground. Though providing some meaningful improvements over the PC CPUs Intel (INTC) launched last year, the company's latest microprocessor line is unlikely to do much to boost flagging PC sales. And from a technology standpoint, the chips may be more notable for what they don't feature than what they do. Today, Intel unveiled the first processors based on its Kaby Lake platform, which succeeds the Skylake line launched a year ago. The company promises up to a 12% increase in productivity performance and a 19% increase in web performance relative to Skylake -- third-party benchmarks might show different numbers when they arrive -- as well as better gaming and 4K video performance and improved power efficiency. https://www.thestreet.com/story/136...at-could-backfire.html?puc=yahoo&cm_ven=YAHOO
Intel (INTC) Stock Advances, Upgraded to 'Buy' at Evercore NEW YORK (TheStreet) -- Shares of Intel (INTC) were gaining in pre-market trading on Tuesday as Evercore ISI raised its rating on the stock to "buy" from "hold," the Fly reports. The firm also upped its price target to $45 from $38 on shares of the Santa Clara, CA-based chipmaker. https://www.thestreet.com/story/136...o-buy-at-evercore.html?puc=yahoo&cm_ven=YAHOO
Intel to Buy VR and Drone Chipmaker Movidius By Investopedia | September 6, 2016 — 1:45 PM EDT Hot on the heels of introducing its stand-alone virtual reality headset, dubbed Project Alloy, late last month, Intel (NASDAQ: INTC) has announced a deal to buy privately -held Movidius Technology. Financial terms were not disclosed. Movidius has developed a vision processing unit (VPU) platform that gives computing devices -- including drones, VR headsets, and cameras, to name a few -- the capability to "see in 3D, understand their surroundings and navigate accordingly." Along with Intel, Movidius has also explored utilizing artificial intelligence delivered via the cloud in conjunction with its computer-vision technologies. Intel said the 3D, depth-sensing cameras of its RealSense technology suite will meld well with Movidius' solutions, as will its Project Alloy tech. The $30 billion market that VR is estimated to become by 2020 certainly offers a world of upside. But based on Intel's own development efforts and recent AI-related acquisitions, its sights are set a lot higher than just dominating the world's gaming devices. According to Intel's projections, there will be some 50 billion IoT-connected "things" in the world in a little over three years, and experts' estimates of IoT-related revenue are staggering. They also absolutely dwarf VR: One study suggests nearly $6 trillion will be spent on IoT over the next five years. As it stands, Intel's IoT unit revenue grew only 2% year over year in the second quarter to $572 million. But based on the aggressive manner in which Intel is building up its offerings -- both internally and via acquisition -- it's clear it intends to accelerate that so-so growth sooner as opposed to later. http://www.investopedia.com/stock-a...-chipmaker-movidius-intc.aspx?partner=YahooSA
Intel raises revenue forecast as PC market improves http://www.reuters.com/article/us-intel-outlook-idUSKCN11M1DX?il=0
Q3 ER Estimates: Earnings Whisper: $0.75 Consensus: $0.73 Revenue: $15.55 Bil Date & Time of ER: Right Now...
Intel earnings: 69 cents per share vs expected EPS of 73 cents Intel reported GAAP earnings of 69 cents per share on $15.78 billion in revenue. The stock dropped more than 4 percent in extended trading. Analysts expect the chipmaker to report profits of 73 cents per share on revenues of $15.58 billion, according to a Thomson Reuters consensus estimate. The company raised its third-quarter revenue expectations in mid-September after seeing improving PC demand. It attributed the boost to retailers who were looking to replenish their PC inventories. Some analysts said, however, that Intel is not expanding beyond PCs fast enough for sustained growth over the next several years. Bill Kreher at Edward Jones said in a note last month that a majority of the company's sales still come from its PC client group. He said Intel's deal with Apple to include its chips in some iPhone 7s was not large or profitable enough to have a meaningful effect in the near term. The company is working toward penetrating other markets, including wireless and networking communications. However, analysts are unsure of how Intel's primary sector of revenue will affect the company, given its lackluster sales growth the past three quarters. Analysts will also be looking for an update on its restructuring plan, scheduled to be completed by next year. In April, Intel announced its plan to cut 12,000 jobs, or roughly 11 percent of its workforce, by 2017 as part of a restructuring initiative. CEO Brian Krzanich said during last quarter's earnings conference call that the legacy tech company is "solidly on track" to complete its goal. The company's new guidance shows its expects adjusted third-quarter revenue of about $15.6 billion. The company had previously expected roughly $14.9 billion. The company closed 0.43 percent lower on Monday, trading at $37.29. Intel is up about 10 percent this year.
Doesn't seem to be a correction to me, all companies report GAAP and non-GAAP? So GAAP is 69 cents, but adjusted earnings is 80 cents. Seems like just a dip to me, they are guiding up. And though they may (or may not) be expanding beyond PCs fast enough, it seems they are indeed expanding and will eventually get it.
Analyst Upgrade/Downgrade Update Brokerage firm: Barclays Change: Upgrade Previous Rating: Equal Weight Current Rating: Overweight Previous Price Target: $38 Current Price Target: $45
Q4 guidance of 15.7bn down from Q3 of 15.8bn? Increased R&D spending? "Don’t even consider buying anything above 32"
Intel Corporation beat earnings. The company’s third fiscal quarter of the year — Intel earned 69 cents per share on a GAAP basis, or 80 cents on a non-GAAP basis, on revenue of $15.78 billion — a 9% improvement for the top line. Looking for breakout at 38.36 with a short term target of 44.80.
