Intel (INTC) reported 2nd Quarter June 2021 earnings of $1.28 per share on revenue of $19.6 billion. The consensus earnings estimate was $1.06 per share on revenue of $17.8 billion. The Earnings Whisper number was $1.18 per share. Revenue fell 0.5% compared to the same quarter a year ago.
The company said it expects third quarter earnings of approximately $1.10 per share on revenue of approximately $18.20 billion. The current consensus earnings estimate is $1.08 per share on revenue of $18.12 billion for the quarter ending September 30, 2021. The also company said it expects 2021 earnings of approximately $4.80 per share on revenue of approximately $73.5 billion. The company's previous guidance was earnings of approximately $4.60 per share on revenue of approximately $72.5 billion and the current consensus earnings estimate is $4.62 per share on revenue of $72.93 billion for the year ending December 31, 2021.
Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.
Intel Reports Second-Quarter 2021 Financial Results
- Second-quarter GAAP revenue of $19.6 billion, flat year over year (YoY), and non-GAAP revenue of $18.5 billion, up 2% YoY, which exceeded April guidance by $700 million.
- Second-quarter GAAP earnings-per-share (EPS) was $1.24; non-GAAP EPS was $1.28, which exceeded April guidance by $0.23.
- Exceeded Q2 guidance for revenue, EPS, and gross margin; record Q2 revenue in PC and Mobileye businesses.
- Raising full-year 2021 guidance. Now expecting GAAP revenue of $77.6 billion and non-GAAP revenue of $73.5 billion; GAAP EPS of $4.09 and non-GAAP EPS of $4.80.1
SANTA CLARA, Calif., July 22, 2021 -- Intel Corporation today reported second-quarter 2021 financial results.
“There’s never been a more exciting time to be in the semiconductor industry. The digitization of everything continues to accelerate, creating a vast growth opportunity for us and our customers across core and emerging business areas. With our scale and renewed focus on both innovation and execution, we are uniquely positioned to capitalize on this opportunity, which I believe is merely the beginning of what will be a decade of sustained growth across the industry,” said Pat Gelsinger, Intel CEO. “Our second-quarter results show that our momentum is building, our execution is improving, and customers continue to choose us for leadership products.”
For the full earnings release, please go here.