Intel CorporationRevenue beat estimates by 9.6% and stock surged 93% since reporting.
The nine processors and graphics chips stocks tracked by this publication reported a very strong first quarter, with aggregate revenues beating analysts' consensus estimates by 2.9% and next-quarter revenue guidance coming in 4.2% above expectations. Allegro MicroSystems posted revenue of $243.2 million, up 26.1% year-on-year and 3.2% above estimates, though it missed EPS forecasts. Lattice Semiconductor delivered the best performance with revenue of $170.9 million, a 42.2% increase that beat estimates by 3.6%, while Qualcomm was the slowest, reporting $10.6 billion in revenue, down 2.2% and in line with expectations but issuing weak guidance. Intel stood out with revenue of $13.58 billion, up 7.2% and beating estimates by 9.6%, and its stock has surged 93% since reporting. Qorvo reported $808.3 million in revenue, down 7% but beating estimates by 1%. Share prices across the group have risen 43.7% on average since the latest earnings results.
Intel CorporationRevenue beat estimates by 9.6% and stock surged 93% since reporting.
Lattice Semiconductor CorporationRevenue beat estimates by 3.6% with 42.2% growth; best performer.
Qualcomm IncorporatedRevenue down 2.2% and issued weak guidance; slowest in group.
Allegro Microsystems IncRevenue beat estimates by 3.2% but missed EPS forecasts; overall sector strong.
Qorvo IncRevenue down 7% but beat estimates by 1%.