- Intel (NASDAQ:INTC) has used its 2015 investor meeting (webcast) to guide for mid-single digit 2016 revenue growth; consensus is at 4%.
- The quarterly dividend is being hiked by $0.02 for 2016 to $0.26/share ($1.04 annualized). That spells a 3% yield at current levels.
- 2016 gross margin guidance is at 62% (+/- 2%). That's even with Q4 GM guidance, and compares with a Q3 GM of 63%. R&D/MG&A spend is expected to drop by half a point as a % of revenue.
- Capex is expected to rise to $10B (+/- $500M) from a depressed 2015 level of $7.3B (+/- $500M). $1.5B of the capex will be directed towards memory investments.
- Shares have rallied towards $34.
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Earlier: Intel provides in-line 2015 guidance; Xeon/FPGA solutions due in Q1
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Update (1:30PM ET): Intel is now up 4.4%.