Intel Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018
January 25, 2018 at 09:07 pm
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Intel Corporation reported consolidated earnings results for the fourth quarter and full year ended December 30, 2017. For the fourth quarter, on GAAP basis, the company reported net revenue of $17,053 million against $16,374 million a year ago. Operating income was $5,395 million against $4,526 million a year ago. Income before taxes was $6,035 million against $4,440 million a year ago. Net loss was $687 million or $0.15 per basic and diluted share against income of $3,562 million or $0.73 per diluted share a year ago. On Non-GAAP basis, the company reported net revenue of $17,053 million against $16,374 million a year ago. Operating income was $5,933 million against $4,899 million a year ago. Net income was $5,181 million or $1.08 per diluted share against $3,865 million or $0.79 per diluted share a year ago.
For the year, the company reported net revenue of $62,761 million against $59,387 million a year ago. Operating income was $17,936 million against $12,874 million a year ago. Income before taxes was $20,352 million against $12,936 million a year ago. Net income was $9,601 million or $1.99 per diluted share against $10,316 million or $2.12 per diluted share a year ago. On Non-GAAP basis, the company reported net revenue of $62,761 million against $59,486 million a year ago. Operating income was $19,577 million against $16,542 million a year ago. Net income was $16,753 million or $3.46 per diluted share against $13,239 million or $2.72 per diluted share a year ago.
The company provided earnings guidance for the first quarter and full year of 2018. For the first quarter of 2018, on GAAP basis, the company expects revenue of $15.0 billion plus or minus $500 million, tax rate of 14% approximately and earnings per share of $0.65 plus or minus 5 cents. On Non-GAAP basis, the company expects revenue of $15.0 billion plus or minus $500 million, tax rate of 14% approximately and earnings per share of $0.70 plus or minus 5 cents.
For the year 2018, on GAAP basis, the company expects revenue of $65.0 billion plus or minus $1.0 billion, tax rate of 14% approximately and earnings per share of $3.30 plus or minus 5%. Cash from operations of $27.0 million. Capital spending of $14.0 billion plus or minus $500 million. Net capital deployed of $12.0 billion plus or minus $500 million. On Non-GAAP basis, the company expects revenue of $65.0 billion plus or minus $1.0 billion, tax rate of 14% approximately and earnings per share of $3.55 plus or minus 5%. Capital spending of $14.0 billion plus or minus $500 million. Net capital deployed of $12.0 billion plus or minus $500 million. Free cash flow of $13.0 billion plus or minus $500 million.
Intel Corporation is the world leading manufacturer of semiconductor. Net sales break down by family of products and services as follows:
- computing architectures products (93.2%): processors and microprocessors (Pentium, Intel Xeon brands, etc.), graphics cards, chips and motherboards, connectivity products, cellular modems, Ethernet controllers, network components, storage products, etc. for PCs, servers, data centers, cloud networks, workstations, notebooks, Internet of Things, graphics architectures, intelligent peripherals and communications infrastructures. The group also develops associated software;
- advanced driving assistance and autonomous driving systems (3.8%; Mobileye);
- wafer manufacturing services (1.8%): accelerators, monolithic chips, silicon wafers, etc. The group also offers chiplet software and mask manufacturing equipment for advanced lithography;
- other (1.2%).
Net sales (including intragroup) are distributed geographically as follows: the United States (25.7%), China (27.4%), Singapore (15.9%), Taiwan (12.7%) and other (18.3%).
Intel Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018