Intel released its Q2 report after the market closed Wednesday. After estimate revisions were made prior to the released, Intel beat on earnings. This report bolsters the claim that Intel is able to survive in a harsh PC downturn.
Intel posted the $13.2 billion figure that was expected earlier on in 2015. Yes, this is still more than a 4% drop Y/Y, but it was expected to be much worse.
Intel also surprised with EPS, showing a figure of $.55. Gross margin even improved 200 basis points from last quarter, up to a healthy 62.5%.
What’s your thoughts about Intel Share? Are you going to buy it after the upbeat report?