More on Intel's Q2: Gross margin of 63.4% down 170 bps Q/Q, but topped guidance mid-point of...

|About: Intel Corporation (INTC)|By:, SA News Editor

More on Intel's Q2: Gross margin of 63.4% down 170 bps Q/Q, but topped guidance mid-point of 62%, helped fuel EPS beat. GM of 63%-64% expected in Q3. 2012 capex guidance unchanged, opex guidance lowered by $100M. CPU volumes +3% Q/Q and ASPs +1%. $1.1B worth of shares repurchased. Company says customer inventories are below historical averages due to macro issues and Windows 8. Server CPU division sales +15% Y/Y (boosted by Romley). INTC +1.6% AH. (PR) (CFO comments - PDF)