Gross margin guidance for next quarter is 34.5%, which is below Wall Street’s expectations of 36.5%.
Expect Wall Street to poke at why Q1 guidance is below expectations in both sales and margins during the company’s conference call.
The good news? EPS for last quarter came in at $.15, significantly topping estiates of $.08.
Revenue of $13.67 billion topped estimates of about $13.4 billion.
The results for last quarter look solid.
The problem is Q1 guidance, which is $11.7 billion to $12.7 billion. At the midpoint that’s below Wall Street’s estimate of $12.51 billion.
Q1 EPS guidance is also poor. Intel is guiding to flat EPS next quarter.