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Intel Corp (INTC.OQ)

INTC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Intel posts Q1 non-GAAP profit of 66 cents/share
Thursday, 27 Apr 2017 04:24pm EDT 

April 27 (Reuters) - Intel Corp ::First-quarter revenue of $14.8 billion, up 8 percent year-over-year on a GAAP basis.First-quarter EPS was 61 cents, up 45 percent year-over-year, and non-GAAP EPS was 66 cents, up 22 percent.Sees FY 2017 GAAP revenue approximately $60 billion.Qtrly gross margin 61.8% versus 59.3%.Q1 earnings per share view $0.65, revenue view $14.81 billion -- Thomson Reuters I/B/E/S.Sees FY 2017 gaap gross margin percentage 62%, +/- a couple percent. pts.Sees FY 2017 gaap earnings per share $2.56, +/- 5%.Sees full-year capital spending $12.0 billion, +/- $500 million.Intel’s board of directors has approved a $10 billion increase to Intel’s share buyback program.Sees Q2 gaap revenue $14.4 billion, +/- $500 million.Sees Q2 gross margin percentage 62%, +/- a couple percent pts.Sees Q2 gaap earnings per share $0.53, +/- 5 cents.Q2 earnings per share view $0.64, revenue view $14.34 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.80, revenue view $59.90 billion -- Thomson Reuters I/B/E/S.  Full Article

Intel sees FY 2017 non-GAAP earnings $2.85/share, +/- 5 pct
Thursday, 27 Apr 2017 04:24pm EDT 

April 27 (Reuters) - Intel Corp ::Qtrly client computing group revenue of $8.0 billion, up 6 percent.Qtrly data center group revenue of $4.2 billion, up 6 percent.Qtrly internet of things group revenue of $721 million, up 11 percent.Sees Q2 non-GAAP gross margin percentage 63% +/- a couple percent. pts.Sees Q2 non-GAAP earnings per share $0.68 +/- 5 cents.Sees FY 2017 non-GAAP gross margin percentage 63% +/- a couple percent. pts.Sees FY 2017 non-GAAP earnings per share $2.85 +/- 5%.  Full Article

Intel Corp says CEO Brian M. Krzanich's 2016 total compensation was $19.1 mln
Thursday, 6 Apr 2017 06:28am EDT 

Intel Corp : Intel Corp - CEO Brian M. Krzanich's 2016 total compensation was $19.1 million versus $14.6 million in 2015 - SEC filing . Intel Corp says CFO Robert H. Swan's total 2016 compensation was $12.2 million - SEC filing .Intel Corp - CEO Brian M. Krzanich's 2016 total compensation included $11.7 million in stock awards.  Full Article

Intel commences cash tender offer for outstanding shares of Mobileye
Wednesday, 5 Apr 2017 05:00pm EDT 

Intel Corp : Intel commences cash tender offer for all outstanding shares of Mobileye . Intel commences cash tender offer for all outstanding shares of Mobileye .Intel Corp - tender offer will expire at 5:00 p.m., New York City time, on June 21, 2017.  Full Article

SEC accuses two Israeli residents of insider trading ahead of Intel-Mobileye merger
Thursday, 23 Mar 2017 03:11pm EDT 

SEC Files Lawsuit Accusing Two Israeli Residents Of Insider Trading Ahead Of Intel's : Agreement to buy Mobileye - court filing . SEC says Ariel Darvasi, Amir Waldman conducted "remarkably timed" purchases that resulted in more than $4.9 million realized, unrealized profits . SEC says defendants were connected to Mobileye insiders through Hebrew University of Jerusalem . SEC says the university developed Mobileye technology and produced numerous current directors and officers at the company . SEC says Darvasi, a genetics professor, made about $427,000 of profit, while Waldman, an engineer, made about $4.5 million profit . SEC wins temporary freeze over assets belonging to defendants in two brokerage accounts - court order Further company coverage: [INTC.O].  Full Article

Intel raises quarterly dividend by 5 pct
Thursday, 23 Mar 2017 09:05am EDT 

Intel Corp : Increases quarterly dividend by 5 percent .Intel corp - board of directors has declared a quarterly dividend of $0.2725 cents per share.  Full Article

Intel says John Donahoe informs he will not stand for re-election to board
Monday, 6 Mar 2017 04:39pm EST 

Intel Corp : Intel-On March 2, John J. Donahoe informed co that he will not stand for re-election to Intel's board - SEC filing .Intel - Donahoe will continue to serve as co's independent lead director, will maintain board memberships until 2017 annual stockholders' meeting.  Full Article

Nokia and Intel launch 5G acceleration labs
Tuesday, 21 Feb 2017 10:25am EST 

Nokia Corp : Nokia and Intel launch 5G acceleration labs in U.S. and Finland to help operators bring 5G innovations to market .The labs will leverage core technologies, including Nokia AirScale and Nokia AirFrame, and client and infrastructure platforms running on Intel® Architecture, as well as Intel 5G connectivity solutions.  Full Article

NVIDIA Corp says GPU business revenue for the fourth quarter was $1.85 billion, up 57 percent from a year earlier
Thursday, 9 Feb 2017 04:24pm EST 

NVIDIA Corp : NVIDIA Corp says GPU business revenue for the fourth quarter was $1.85 billion, up 57 percent from a year earlier . NVIDIA Corp says qtrly automotive revenue $128 million versus $93 million .NVIDIA Corp says license revenue from patent license agreement with Intel remained flat at $66 million for the fourth quarter.  Full Article

CCI approves acquisition of majority equity stake of Intel’s security business by TPG Group
Wednesday, 8 Feb 2017 06:52am EST 

Competition Commission of India: Approves acquisition of majority equity stake of Intel’s security business by TPG Group Further company coverage: [INTC.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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Intel's revenue misses estimates as data center growth slows

Intel Corp reported lower-than-expected quarterly revenue due to an unexpected slowdown in growth at its data center business, on which the world's largest chipmaker is banking to reduce its reliance on the personal computer market.