To see all exchange delays and terms of use please see disclaimer. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Mizuho reaffirmed a "buy" rating and issued a $63.00 price target on shares of Intel in a report on Monday, August 10th. Bob Swan: (52:02) In real-world workloads versus competitive products, Tiger Lake delivers up to 2.7 times faster content creation, 20% faster office productivity, and more than 2X faster gaming plus streaming. And we saw a very strong first half and a weak second half. And that’s a function of the Tiger Lake product that we launched in the third quarter. Is It Time To Add Boeing (NYSE: BA) Into Your Q4 Portfolio? We believe this sale is a true win-win, as SK Hynix will commit the necessary investment to bring this business to scale, and Intel will dispose of a non-strategic asset to focus on our core opportunities ahead. Chris Danely: (01:00:24) Recently, Oracle announced that they plan to leverage the computing performance of Ice Lake for the next generation of cloud-based, high performance computing instances within Oracle Cloud Infrastructure. What most analysts failed to consider is the health of the economy going into the pandemic and what that meant for spending power. To see all exchange delays and terms of use please see disclaimer. Intel (INTC) Set to Announce Quarterly Earnings on Thursday. The only real net positive is the decision on NAND. So I would say it’s really a mix story, and a very different mix than we thought going in. Intel said it would not give guidance for the full year. So stronger notebook, better flow through, and I think it’s kind of a rinse and repeat quarter in terms of the gross margin outlook. Operator, please go ahead and introduce our first caller. View which stocks are hot on social media with MarketBeat's trending stocks report. Mobileye is already returned to year-over-year growth in the third quarter. We think that starts to come back and we get margin accretion there. Relative to our prior guide for Q4, we are expecting OPEX to be down modestly in the quarter and gains from our Intel capital portfolio to be up on the order of .08 cents per share. In server, enterprise and government, after two consecutive quarters of growing 30%, dropped 47% year-over-year. Bob Swan: (57:48) We’ve also significantly improved supply for our customers. The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Yeah. This week, we signed an agreement to sell SK Hynix, our NAND memory business, for $9 billion. Bob Swan: (08:28) With respect to guidance, Intel said it expects $1.10 in adjusted earnings per share and $18.50 billion in revenue in the second quarter. George: (39:08) The Non-Volatile Memory Solutions Group had $1.34 billion in revenue, up 46.2% and above the $1.21 billion FactSet consensus. George: (41:55) Year to date operating cashflow is $25.5 billion, up 10% year over year. Bob Swan: (58:29) Our next question comes from the line of Pierre Ferragu of New Street Research. This will reduce our forecasted capital spend for 2020 by approximately $300 million, and raise our free cash flow by a similar amount. Receive a free world-class investing education from MarketBeat. George: (27:56) Evercore ISI Virtual New Mobility & AI Forum . Software is another essential pillar for product leadership, which is why we have more than 15,000 software engineers working across the stack, from BIOS to application optimization. Identify stocks that meet your criteria using seven unique stock screeners. And I think be in a pretty good position to lay out our decision in the January timeframe. George: (32:03) It’s probably a mix in terms of the best path to ensure that we have a predictable cadence of leadership products for ’23 and ’24, like we believe we will have in 2021 and ’22. So you saw that in the ASPs, even as we saw strong unit demand. On average, analysts expect Intel to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year. The stock was sold at an average price of $49.28, for a total value of $216,832.00. Under held for sale, appreciation is suspended from the announcement date forward. Again, we’re seeing the competitive environment that we expected to see. We will begin accounting for the NAND business is held for sale effective this quarter for gap purposes. Fundamental company data provided by Morningstar and Zacks Investment Research. Operator: (35:38) We also realized that delivering on that promise meant engaging the ecosystem in a different way, treating equipment and EDA providers and 3rd-party foundries, not as suppliers, but as strategic partners that we can learn from and that can help us solve customer problems. Bob Swan: (40:07) Both will deliver significant capabilities enabled by our six pillars of innovation, including our enhanced SuperFin technology. Tiger Lake Virtual Launch Event . That said, we have and do get great benefits from internal manufacturing. So we have some real tailwinds and these are things that we knew of, anticipated six, 12, 18 months ago. Intel (NASDAQ:INTC) Earnings Information Intel last issued its earnings data on July 23rd, 2020. Still, Intel's demand was "relatively strong" in the first quarter as people needed devices to work and take classes from home to avoid catching coronavirus, CEO Bob Swan said in an interview with Bloomberg on April 9. Year- to-date, we now have 29 new design wins for more than 26 million lifetime units. Our next question comes from Blayne Curtis at Barclays. Analysts expect the company to announce earnings of … The disclosure for this sale can be found here. You may now disconnect. So we think normalization is good. And then we have some headwinds. © American Consumer News, LLC dba MarketBeat® 2010-2020. Much heavier mix of the entry-level PC markets, both consumer and education. I’m joined today by our CEO, Bob Swan, and our CFO, George Davis. Jeff Bishop is a multi-millionaire trader with over two decades of experience and he wants YOU to win big. Despite all this, we expect to deliver the best year in our storied 52 year history. Breakthrough architectural improvements in CPU, graphics, AI, and software, combined with our newest 10 nanometer-based technology, SuperFin, which delivers the largest single intranode performance improvement in our history. Yeah. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. And the fundamental criteria, as you could imagine, are at the macro level fairly simple. Thanks for the call. © 2020 CNBC LLC. Bob Swan: (44:54) I’m excited to announce that we now expect 100 Tiger Lake-based designs in the market by the end of this year, double the expectation we provided in April. Just the dynamics of our year, kind of a 55-45 year and the radically different mix that we saw, and both of those were really responding to COVID related to demand dynamics. 0.04% of the stock is owned by corporate insiders. Thanks, Blayne. And therefore, year-to-date, being flat is probably in line with where we were when we started the year, the stronger first half, weaker second half. I was just going to say that the one other dynamic, and this impacted us as we thought about the second half, but it’s been even more exacerbated now, is the demand for our 10 nanometer products. Just to highlight the tailwinds, and you mentioned one of them, we made decisions on some of the lower-margin businesses in our portfolio, obviously this week’s announcement on NAND, the decline that we expect to see in modem volume as we go into ’21. Do Not Sell My Information. I think those have all been a little bit exacerbated by a market that is much stronger than we anticipated, number one. This story was reviewed by MarketBeat's editorial team prior to publication. Bob Swan: (14:41) Get short term trading ideas from the MarketBeat Idea Engine. Each Evo notebook is verified to deliver consistent responsiveness, outstanding real-world battery life, instant wake, and fast charging. Then third, we will still have a significant portion of our volume in 2021 that will be on 14 nanometer, and that will have an increasing portion of the equipment fully depreciated. I mean, first, we’re up 9%, unit volume, year to date, 11% unit volume in the third quarter with a TAM that’s probably up in the high single digits at this stage. "The company maintained essential factory operations with greater than 90 percent on-time delivery while supporting employees, customers and communities in response to the Covid-19 pandemic," Intel said in Thursday's statement. Please send any questions or comments about this story to [email protected]. Receive a free world-class investing education from MarketBeat. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. On operating margin too, we’ve also added the Habana business into the spending profile. So we’ve got some real tailwinds, some headwinds. Thank you for participating. Thanks Bob. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 All Rights Reserved. Habana’s inference card is now in volume production and shipping to customers. And as I said in my prepared remarks, it’s probably not an all-or-nothing. Please log in to your account or sign up in order to add this asset to your watchlist. We’ve made great strides in graphics, and we are now scaling our graphics architecture from integrated to discrete levels of performance.