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: Three Data Points We’re Watching This Week, Week 21: US Retail and Consumer DevelopmentsHoliday Bites: US Holiday Travelers Plan To Spend Less—Data GraphicFinancial Confidence Improves: Weekly US Consumer Sentiment, Week 25, 2025—InfographicUS CPG Sales Tracker: CPG E-Commerce Growth Eases from Prime Day Peak; General Merchandise Decline Confirms Pull-Forward Effect
