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Improved Comps Could Lift Intel After Q1 2016 Earnings

  • Intel is due to report Q1 2016 earnings on Apr. 19, 2016 after market close.
  • Intel is expected to report improved top line growth due to the launch of new products and the Altera acquisition.
  • This trend is expected to gain momentum in the coming quarters which could provide significant momentum for Intel stock.

Giant semiconductor chip manufacturer Intel (NASDAQ:INTC) is due to report Q1 2016 earnings on Apr. 19, 2016 after market close. The consensus amongst Wall Street is for Intel to report revenue of $13.93B, good for 8.8% Y/Y growth and EPS of $0.49, up 19.5% Y/Y. Intel's own guidance points to a revenue of $14.1B (10.2% Y/Y growth) and, 62% gross margin (down 100 basis points Q/Q). Meanwhile, there is an earnings whisper that Intel might post EPS of $0.53 and thus beat analysts' consensus estimate.

Intel has managed to beat EPS estimates in four consecutive quarters. During the fourth quarter, Intel beat the top line by $110M and EPS by $0.11.

Intel Earnings Surprise History

Quarter End
Per Share
EPS* Forecast
Dec2015 01/14/2016 0.74 0.63 17.46
Sep2015 10/13/2015 0.64 0.59 8.47
Jun2015 07/15/2015 0.55 0.5 10
Mar2015 04/14/2015 0.41 0.4 2.5

Source: NASDAQ

Data Center Group and 3D NAND in Focus

New Intel president Murthy Renduchintala has been overseeing new changes at the company. Starting with the upcoming earnings report, Intel...