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Intel (INTC) Revenues Q1 2021

VMware CEO Pat Gelsinger will speak at the company’s VMworld conference in 2012 in San Francisco.

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Intel In the first quarter report, directed by CEO Pat Gelsinger, in the first quarter of 2021, sales were almost flat and profits declined.

Intel’s earnings per share were significantly higher than analysts’ and the company’s own forecasts, but Intel’s share price fell slightly in long-term trading. Sales also exceeded analysts’ expectations.

Here’s a consensus estimate of how Intel made and Refinitiv:

  • Earnings per share (EPS): $ 1.39 vs $ 1.15 (adjusted) forecast, down 1% year-on-year
  • Revenue: $ 18.57 billion vs. Expected to be $ 17.90 billion (adjusted), flat year-on-year

Intel’s second quarter is expected to generate $ 17.8 billion in revenue, slightly above analysts’ expectations of $ 17.55 billion. Analysts are expecting $ 1.09, and Intel has led to $ 1.05 to spend on building additional manufacturing capacity, so Intel missed an analyst’s quote on EPS for the second quarter.

The gel singer who took over in February Earlier this month, Intel announced that it would invest $ 20 billion The new microchip manufacturing plant has announced plans to become a contract chip maker or foundry that manufactures chips from other companies in addition to its own.

“This is a very important year for Intel,” Gersinger said in a statement.

But the plan will take years to complete. In the quarter ending March, Intel’s quarterly revenue and revenue were essentially flat compared to the same period last year, despite a surge in demand for microchips around the world.

PC sales were the highest in years in the first quarter. According to some estimates.. PC sales boosted chip makers: Intel said laptop chip sales were the highest ever for the company and PC sales increased 38% this quarter.

In the same period of the previous year Intel reported that the client computing group had sales of $ 9.78 billion. This includes PC chips, which was $ 10.61 billion in the last quarter. This group accounts for more than 59% of Intel’s revenue.

However, many of these laptops and desktops are low-cost Chromebooks that use cheap chips. AppleIntel customers are increasingly using their own chips instead of Intel for Mac-lined PCs.

Intel also sells high-performance chips for data centers, with sales increasing last year as companies expanded their cloud operations due to employees working from home. A year ago, Intel reported data center group revenue of $ 699 billion, compared to $ 5.56 billion this quarter.

Mobileye, Intel’s self-driving car subsidiary, posted sales of $ 377 million, up 48% year-on-year.

Intel is undergoing a setback in manufacturing state-of-the-art chips that use a manufacturing process called 7 nanometers.We are also facing intensifying competition with the following companies: NvidiaAnnounced its own data center chip this year, and AMDWe are proud to have passed Intel with some major computing performance metrics.

Gelsinger’s plan to become a foundry and increase production in the United States is not cheap.

Earlier this month, Intel said it expects $ 4 per share and $ 76.5 billion in revenue for the full year 2021. Intel raised its guidance to $ 4.60 per share on Thursday, but lowered its sales guidance to $ 72.5 billion.

Intel (INTC) Revenues Q1 2021

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