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Thursday, January 6, 2011

Intel Reports Earnings on Thursday, January 13 (Charts) *Financial Performance Review* INTC

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Intel earnings to be reported on Thursday, January 13


Intel Financial Performance Review

Intel will be reporting quarterly financial results on Thursday, January 13 after the market closes. The conference call will be at 5:30 p.m. ET. Intel financial performance charts for prior quarters have been posted on the Intel Financial Performance page and will be updated for this next quarterly report. The charts are:
Intel Performance by the Quarters
Earnings per Share (Diluted)
Total Revenues, Operating Income, and Net Income
Gross Margin, Operating Margin, and Net Margin
Return on Assets
Geographic Revenues
Total Revenues and Earnings per Share Growth Rates


Intel Future and Past Financial Performance

Q4 2010 Analysts' Estimates
Yahoo Finance analysts' estimates for Q4 2010 are:
Total Revenues: $11.37B average, $11.00B low estimate, $11.60B high estimate, 39 analysts
Earnings per Share: $0.53 average, $0.47 low estimate, $0.57 high estimate, 41 analysts

Q4 2010 Intel Outlook
"The Outlook for the fourth quarter does not include the effect of any acquisitions, divestitures or similar transactions that may be completed after Oct. 12."
Q4 2010
•Revenue: $11.4 billion, plus or minus $400 million.
•Gross margin: 67 percent, plus or minus a couple percentage points.
•R&D plus MG&A spending: Approximately $3.2 billion.
•Impact of equity investments and interest and other: Approximately $20 million gain.
•Depreciation: Approximately $1.1 billion.
•Tax rate: Approximately 31 percent.
•Full-year capital spending: $5.2 billion, plus or minus $200 million.

Q3 2010 Financial Results
When Intel reports calendar Q4, the 3 months ended December, financial results on January 13, Intel should hopefully at least slightly beat various Q3 results. These financial results are charted on the Intel Financial Performance page. Intel Q3, the 3 months ended September, financial results were:
Total Revenues $11.1B
Gross Profit $7.3B
Operating Income $4.1B
Net Income $2.9B
Net Income - Diluted Share $0.52
Gross Profit Margin 65.94%
Operating Income Margin 37.25%
Net Income Margin 26.62%

Summary
In 2010, Q2 and Q3 were very good quarters and Q4 is expected to be slightly better. Therefore, for Q4, Intel should slightly beat Q3 on Total Revenues, Gross Profit, Operating Income, Net Income, and Net Income - Diluted Share. Intel should also just slightly beat Q3 on Gross Profit Margin, Operating Income Margin, and Net Income Margin. A small miss on a couple of these financial metrics, other than Earnings per Share, would not be surprising or be considered very negative. The detailed quarter by quarter charts are on the Intel Financial Performance page.




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