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: 3Q25 Earnings Season Wrap-Up: 84% of Companies Grow Sales, 77% Beat Top-Line Consensus in a Solid Quarter for Discount, Off-Price and Specialty ApparelUS CPG Sales Tracker: E-Commerce and In-Store Growth Rebound Amid Geopolitical UncertaintyWeekly US Store Openings and Closures Tracker 2026, Week 19: Bob’s Discount Furniture To Open StoresDeeper on DeepSeek and Its Potential to Radically Level the AI Playing Field
