Intel (INTC) reported Q2 FY 2020 earnings of $1.23 per share (versus $1.06 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.11 per share.

The company’s quarterly revenues amounted to $19.728 bln (+19.5% y/y), beating analysts’ consensus estimate of $18.551 bln.

The company also issued mixed guidance for Q3 FY 2020, projecting EPS of approx. $1.10 versus analysts’ consensus estimate of $1.14 and revenues of approx. $18.20 bln versus analysts’ consensus estimate of $17.94 bln.

For FY 2020, it sees EPS of approx. $4.85 versus analysts’ consensus estimate of $4.78 and revenues of approx. $75.00 bln versus analysts’ consensus estimate of $73.83 bln.

In addition, Intel said its 7nm-based CPU product timing is delayed.

INTC fell to $53.20 (-11.92%) in pre-market trading.