Company Earnings UpdateIntel (NASDAQ: INTC) 2Q19 Results: Misses on Revenues but Raises Annual Guidance, Plans to Sell 5G Modem Business Coresight Research July 29, 2019 Executive Summary Intel reported 2Q19 revenues of $16.51 billion, down 2.7% year over year and slightly below the consensus estimate. Adjusted EPS was $0.89, up 1.8% and in line with consensus. PC-centric revenue grew 1.3%, more than offset by data-centric revenue, which declined 6.9%. Revenue from Mobileye grew 16.2%. Separately, Intel announced an agreement to sell its 5G smartphone modem business to Apple for $1 billion. Intel raised its 2019 revenue forecast slightly by $500 million to $69.5 billion and guided for Q3 revenues and EPS above consensus estimates. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Holiday 2025: Early Outlook—Improving Signals, But Will It Last?Weekly US Store Openings and Closures Tracker 2025, Week 49: Claire’s Closes 146 More Stores Than AnnouncedSingles’ Day 2025: Three Trends To Look For as AI Moves Center StageFive Ways AI Is Being Used in Apparel and Footwear Retailing—and What’s Next
