Intel Q3 2014 Results Earnings Call Transcript

Edited Transcript of Intel Q3 2014 Earnings Conference Call..

Company: Intel Corp (INTC)

Event Name: Q3 2014 Results Earnings Conference Call

Date: October 14, 2014 5:00 PM ET

Operator: Good day ladies and gentlemen and welcome to the third quarter 2014 Intel Corporation earnings conference call. (Operator Instructions) As a reminder, today’s conference is being recorded.

I would now like to turn the call over to Mark Henninger, Head of Intel Investor Relations. Please go ahead sir.

Mark Henninger – Head of Intel IR

Thank you, Jamie. And welcome everyone to Intel’s third quarter 2014 earnings conference call.

By now, you should have received a copy of our earnings release and the CFO commentary that goes along with it. If you’ve not received both documents, they are available on our investor website intc.com.

I’m joined today by Brian Krzanich, our CEO; and Stacy Smith, our Chief Financial Officer. In a moment, we’ll hear brief remarks from both of them followed by Q&A.

Before we begin, let me remind everyone that today’s discussion contains forward-looking statements based on the environment as we currently see it, and as such, does include risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.

Also, if during this call we use any non-GAAP financial measures or references, we’ll post the appropriate GAAP financial reconciliation to our investor website intc.com.

And finally, I’d like to remind everyone that we’ll be hosting our annual investor meeting here in our Santa Clara headquarters on Thursday, November 20. If you have questions about the event or logistics, please contact Investor Relations.

So with that, let me hand it over to Brian.

Brian Krzanich – CEO

Thanks, Mark. Our third quarter results were consistent with our expectations and included a number of important milestones.

Revenue and earnings per share both set new records with strong performances from the PC and the Data Center groups. The trends we observed in the PC market last quarter continued with stability in mature markets, offset by ongoing declines in emerging markets.