Intel Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
January 15, 2015 at 04:07 pm
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Intel Corporation reported consolidated earnings results for the fourth quarter and full year ended December 27, 2014. For the fourth quarter, the company reported revenue of $14.7 billion against $13.8 billion a year ago. Net income was $3.7 billion or $0.74 per diluted share against $2.6 billion or $0.51 per diluted share a year ago. Operating income was $4.5 billion against $3.5 billion a year ago. The company generated approximately $5.8 billion in cash from operations. Income before taxes was $4,659 million compared to $3,551 million a year ago. Capital spending was $2,143 million compared to $2,948 million a year ago.
For the year, the company reported revenue of $55.9 billion against $52.7 billion a year ago. Net income was $11.7 billion or $2.31 per diluted share against $9.6 billion or $1.89 per diluted share a year ago. Operating income was $15.3 billion against $12.3 billion a year ago. The company generated approximately $20.4 billion in cash from operations. Income before taxes was $15,801 million compared to $12,611 million a year ago.
For the full year of 2015, the company expects revenue growth in the mid-single digit percentage points, gross margin percentage of 62%, plus or minus a couple of percentage points, amortization of acquisition-related intangibles of approximately $255 million, depreciation of approximately $8.1 billion, plus or minus $100 million, tax rate of approximately 27% and capital spending of $10.0 billion, plus or minus $500 million.
For the first quarter of 2015, the company expects revenue of $13.7 billion, plus or minus $500 million, gross margin percentage of 60%, plus or minus a couple percentage points, amortization of acquisition-related intangibles of approximately $65 million and depreciation of approximately $1.8 billion.
Intel Corporation is the world leading manufacturer of semiconductor. Net sales break down by family of products and services as follows:
- computing architectures products (93.2%): processors and microprocessors (Pentium, Intel Xeon brands, etc.), graphics cards, chips and motherboards, connectivity products, cellular modems, Ethernet controllers, network components, storage products, etc. for PCs, servers, data centers, cloud networks, workstations, notebooks, Internet of Things, graphics architectures, intelligent peripherals and communications infrastructures. The group also develops associated software;
- advanced driving assistance and autonomous driving systems (3.8%; Mobileye);
- wafer manufacturing services (1.8%): accelerators, monolithic chips, silicon wafers, etc. The group also offers chiplet software and mask manufacturing equipment for advanced lithography;
- other (1.2%).
Net sales (including intragroup) are distributed geographically as follows: the United States (25.7%), China (27.4%), Singapore (15.9%), Taiwan (12.7%) and other (18.3%).
Intel Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015