Intel Earnings Live Blog: Q1 Conference Call
Intel Corporation (NASDAQ: INTC) reports first quarter earnings on Tuesday afternoon. The company is expected to hold its conference call at 5:00PM EDT.
05:58:21pm: The call has ended.
05:53:01pm: Intel is not forecasting a boom with Windows 10 in the second half, but it does expect inventory to increase in Q3. The third quarter should be closer to normal levels.
05:46:17pm: More than 50 percent of Intel's NAND business goes to enterprises.
05:44:26pm: Intel's financial restructuring was done to improve the company's efficiency.
05:37:04pm: Krzanich said the driver is Windows 10. He reiterated that he expected inventory to rise in Q3.
05:36:50pm: Krzanich on growth and challenges: "The real issue is the PC segment. We reduced inventory in Q1."
05:30:41pm: Skylake will have an additional Core M version. Intel expects the thin, light form factor to continue.
05:25:16pm: Smith said that Intel has not said anything about the timing for 10nm. It will give the timing at a later date.
05:24:08pm: Krzanich: "We're not gonna answer any questions on M&A. We know there's a lot of speculation out there."
05:20:34pm: Krzanich expects customers (retailers) to lower inventory in Q2 in anticipation of Windows 10, bolster inventory in Q3.
05:19:17pm: Krzanich: "We're expecting mid-single digit decline overall in the PC market."
05:17:23pm: Krzanich on M&A strategy: "Our strategy on investing in the business or what we do with our cash hasn't changed."
05:15:11pm: Smith: We expect to see some benefit associated with stronger volume in the back half of the year.
05:13:58pm: Stacy J. Smith, CFO: We're using our manufacturing leadership to develop a broad range of products.
05:08:47pm: Krzanich: We're excited about the release of Windows 10, especially when combined with Skylake.
05:07:30pm: Krzanich: 3D NAND will arrive later this year, is the first 3D NAND solution that will be lower-cost than 2D NAND.
05:05:01pm: Krzanich: Smartphone chips are a great example of the velocity of Intel.
05:03:40pm: Brian M. Krzanich, CEO: The quarter ended roughly as expected.
05:01:25pm: The call has started.
04:46:21pm: Intel recently celebrated 30 years in China with new products, investments and collaborations.
04:42:16pm: Intel is up more than two percent in after hours trading.
04:01:07pm: Intel Reports Inline Q1 EPS $0.41 Sales $12.8B, Est $12.76B
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