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intel q3 2019 results … · q3 non-gaap eps ($1.42) is q3 gaap eps ($1.35) after adjustment for...

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  • INTEL Q3 2019 RESULTS … · Q3 non-GAAP EPS ($1.42) is Q3 GAAP EPS ($1.35) after adjustment for amortization of acquisition-related intangibles (+$0.08), restructuring and other
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YTD free cash flow ($11.7B) is GAAP cash from operations ($23.2B) minus capital expenditures ($11.5B). Q3 non-GAAP EPS ($1.42) is Q3 GAAP EPS ($1.35) after adjustment for amortization of acquisition-related intangibles (+$0.08), restructuring and other charges (+$0.02), ongoing mark-to-market on marketable equity securities (-$0.02), and related tax effects (-$0.01). For a full explanation of these non-GAAP measures, see Intel’s Q3 2019 earnings release at intc.com. Our FY 2019 outlook and other statements about future plans, expectations, and opportunities are forward-looking statements. They are based on current expectations as of Oct. 24, 2019 but are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in Intel’s Q3 2019 earnings release at intc.com, and our most recent reports on Forms 10-K and 10-Q, available at intc.com and sec.gov. Q 3 ’ 1 9 $ 71 B INTEL Q3 2019 RESULTS NON-GAAP EPS CASH & SHAREHOLDER RETURNS YTD HIGHLIGHTS 1 % YOY $ 1.42 TOTAL Q3’19 REVENUE FULL YEAR ‘19 OUTLOOK ~$ 5 B NETWORKING ~$ 5 B IOTG & MOBILEYE ~$ 3.5 B ARTIFICIAL INTELLIGENCE * *Includes AI-related revenue across all business segments, including IOTG and Mobileye. KEY OPPORTUNITIES (ESTIMATED FY ‘19 REVENUE) $ 11.7 B FREE CASH FLOW $ 4.2 B PAID DIVIDENDS $ 10.1 B SHARE REPURCHASES NASDAQ: INTC CLIENT COMPUTING GROUP (CCG) DATA-CENTRIC $ 9.7B 5 % 9 % DATA CENTER GROUP (DCG) $ 6.4B 4 % INTERNET OF THINGS GROUP (IOTG) $ 1.0B 20 % MOBILEYE (MBLY) $ 229M 19 % NON-VOLATILE MEMORY SOLUTIONS GROUP (NSG) $ 1.3B 2 % PROGRAMMABLE SOLUTIONS GROUP (PSG) $ 507M PC-CENTRIC We’ve been on a multiyear journey to reposition Intel’s portfolio to take advantage of the exponential growth of data. Our third-quarter financial performance underscores our progress as our data-centric businesses turned in their best performance ever, making up almost half our total revenue in a record quarter. Our priorities are accelerating growth, improving our execution and deploying capital for attractive returns. We now expect to deliver a fourth record year in a row. – BOB SWAN, INTEL CEO RAISING GUIDE $ 1.5 B INCREASE VS. JULY 10NM “ICE LAKE” IN OEM SYSTEMS ON SHELF SHIPPED FIRST 10NM INTEL® AGILEX™ FPGAS COLLABORATING WITH ORACLE ON INTEL® OPTANE™ MEMORY LENOVO AND INTEL ANNOUNCE HPC AND AI COLLABORATION YOY YOY P C - C E N T R I C = $ 9 . 7 B 5 % $ 19.2 B RECORD QTR D A T A - C E N T R I C = $ 9 . 5 B 6 % CCG DCG IOTG MBLY NSG PSG

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Page 1: INTEL Q3 2019 RESULTS … · Q3 non-GAAP EPS ($1.42) is Q3 GAAP EPS ($1.35) after adjustment for amortization of acquisition-related intangibles (+$0.08), restructuring and other

YTD free cash flow ($11.7B) is GAAP cash from operations ($23.2B) minus capital expenditures ($11.5B). Q3 non-GAAP EPS ($1.42) is Q3 GAAP EPS ($1.35) after adjustment for amortization of acquisition-related intangibles (+$0.08), restructuring and other charges (+$0.02), ongoing mark-to-market on marketable equity securities (-$0.02), and related tax effects (-$0.01). For a full explanation of these non-GAAP measures, see Intel’s Q3 2019 earnings release at intc.com.

Our FY 2019 outlook and other statements about future plans, expectations, and opportunities are forward-looking statements. They are based on current expectations as of Oct. 24, 2019 but are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in Intel’s Q3 2019 earnings release at intc.com, and our most recent reports on Forms 10-K and 10-Q, available at intc.com and sec.gov.

Q3’19

$71B

INTEL Q3 2019 RESULTS

NON- G A AP EPS

C ASH & SHAREHOLDER RE TURNS Y TD

HIGHLIGHTS

1% YOY$1.42

TOTAL Q3’ 19 RE VENUE FULL YE AR ‘ 19 OUTLOOK

~$5BNET WORKING

~$5BIOTG & MOBILEYE

~$3.5BARTIFICIAL INTELLIGENCE

*

*Includes AI-related revenue across all business segments, including IOTG and Mobileye.

KEY OPPORTUNITIES (ESTIMATED FY ‘19 REVENUE)

$11.7BFREE CASH FLOW

$4.2BPAID DIVIDENDS

$10.1BSHAREREPURCHASES

NASDAQ: INTC

CLIENT COMPUTING GROUP (CCG)

DATA-CENTRIC

$9.7B 5%

9%

DATA CENTER GROUP (DCG) $6.4B 4%

INTERNET OF THINGS GROUP (IOTG) $1.0B

20%MOBILEYE (MBLY) $229M

19%NON-VOLATILE MEMORY SOLUTIONS GROUP (NSG)

$1.3B

2%PROGRAMMABLE SOLUTIONS GROUP (PSG)

$507M

PC-CENTRIC

We’ve been on a multiyear journey to reposition Intel’s portfolio to take advantage of the exponential growth of data. Our third-quarter financial performance underscores our progress as our data-centric businesses turned in their best performance ever, making up almost half our total revenue in a record quarter. Our priorities are accelerating growth, improving our execution and deploying capital for attractive returns. We now expect to deliver a fourth record year in a row.

– BOB SWAN, INTEL CEO

R AISING GUIDE

$1.5BINCREASE VS. JULY

10NM “ICE L AKE” IN OEM SYSTEMS ON SHELF

SHIPPED FIRST 10NM INTEL® AGILEX™ FPGAS

COLL ABOR ATING WITH OR ACLE ON INTEL® OPTANE™ MEMORY

LENOVO AND INTEL ANNOUNCE HPC AND AI COLL ABOR ATION

YOY

YOY

PC-CENTRIC

= $9.7B 5%

$19.2BRECORD QTR

DATA-CEN

TRIC

= $ 9

.5B

6

% CCG

DCG

IOTG

MBLY

NSG

PSG

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