Intel (INTC) reported Q2 FY 2021 earnings of $1.28 per share (versus $1.23 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.07 per share.

The company’s quarterly revenues amounted to $18.500 bln (+1.6% y/y), beating analysts’ consensus estimate of $17.798 bln.

The company issued upside guidance for Q3 FY 2021, projecting EPS of $1.10 versus analysts’ consensus estimate of $1.08 and revenues of $18.2 bln versus analysts’ consensus estimate of $18.12 bln.

It also raised guidance for FY 2021, projecting EPS of $4.80 versus its previous guidance of $4.60 and analysts’ consensus estimate of $4.63 and revenues of $73.5 bln versus its previous guidance of $72.5 bln and analysts’ consensus estimate of $72.65 bln.

INTC fell to $55.00 (-1.72%) in pre-market trading.