Second-quar­ter reve­nue of $12.9 bil­li­on, down 15% year over year (YoY).

• Second-quar­ter ear­nings per share (EPS) attri­bu­ta­ble to Intel was $0.35; non-GAAP EPS attri­bu­ta­ble to Intel was $0.13.
• Second-quar­ter results on the top and bot­tom line excee­ded the high end of gui­dance; com­pa­ny con­ti­nues to exe­cu­te stra­tegy with momen­tum across pro­cess and pro­duct tech­no­lo­gy and foundry.
• Fore­cas­ting third-quar­ter 2023 reve­nue of appro­xi­m­ate­ly $12.9 bil­li­on to $13.9 bil­li­on; expec­ting third-quar­ter EPS attri­bu­ta­ble to Intel of $0.04; non-GAAP EPS attri­bu­ta­ble to Intel of $0.20.

SANTA CLARA, Calif., July 27, 2023 – Intel Cor­po­ra­ti­on today repor­ted second-quar­ter 2023 finan­cial results.

“Our Q2 results excee­ded the high end of our gui­dance as we con­ti­nue to exe­cu­te on our stra­te­gic prio­ri­ties, inclu­ding buil­ding momen­tum with our foundry busi­ness and deli­ve­ring on our pro­duct and pro­cess road­maps,” said Pat Gel­sin­ger, Intel CEO. “We are also well-posi­tio­ned to capi­ta­li­ze on the signi­fi­cant growth across the AI con­ti­nu­um by cham­pio­ning an open eco­sys­tem and sili­con solu­ti­ons that opti­mi­ze per­for­mance, cost and secu­ri­ty to demo­cra­ti­ze AI from cloud to enter­pri­se, edge and client.”

David Zins­ner, Intel CFO, said, “Strong exe­cu­ti­on, inclu­ding pro­gress towards our $3 bil­li­on in cost savings in 2023, con­tri­bu­ted to the upsi­de in the quar­ter. We remain focu­sed on ope­ra­tio­nal effi­ci­en­ci­es and our Smart Capi­tal stra­tegy to sup­port sus­tainable growth and finan­cial disci­pli­ne as we impro­ve our mar­gins and cash gene­ra­ti­on and dri­ve share­hol­der value.”

(…) Wei­ter­le­sen »

▪Fourth-quar­ter reve­nue was $14.0 bil­li­on, down 32 per­cent year-over-year (YoY) and down 28 per­cent YoY on a non-GAAP basis. Full-year reve­nue was $63.1 bil­li­on, down 20 per­cent YoY and down 16 per­cent YoY on a non-GAAP basis.

▪Fourth-quar­ter ear­nings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Full-year EPS was $1.94; non-GAAP EPS was $1.84.

▪Fore­cas­ting first-quar­ter 2023 reve­nue of $10.5 bil­li­on to $11.5 bil­li­on; expec­ting first-quar­ter EPS of $(0.80) (non-GAAP EPS of $(0.15)).

▪Decla­res quar­ter­ly cash divi­dend of $0.365 per share.

SANTA CLARA, Calif., Jan. 26, 2023 — Intel Cor­po­ra­ti­on today repor­ted fourth-quar­ter and full-year 2022 finan­cial results. The com­pa­ny also announ­ced that its board of direc­tors has declared a quar­ter­ly divi­dend of $0.365 per share on the company’s com­mon stock, which will be paya­ble on March 1, 2023, to share­hol­ders of record as of Febru­ary 7, 2023.

“Despi­te the eco­no­mic and mar­ket head­winds, we con­tin­ued to make good pro­gress on our stra­te­gic trans­for­ma­ti­on in Q4, inclu­ding advan­cing our pro­duct road­map and impro­ving our ope­ra­tio­nal struc­tu­re and pro­ces­ses to dri­ve effi­ci­en­ci­es while deli­ve­ring at the low-end of our gui­ded ran­ge,” said Pat Gel­sin­ger, Intel CEO. “In 2023, we will con­ti­nue to navi­ga­te the short-term chal­lenges while stri­ving to meet our long-term com­mit­ments, inclu­ding deli­ve­ring lea­der­ship pro­ducts ancho­red on open and secu­re plat­forms, powered by at-sca­le manu­fac­tu­ring and super­char­ged by our incre­di­ble team.” 

“In the fourth quar­ter, we took steps to right-size the orga­niza­ti­on and ratio­na­li­ze our invest­ments, prio­ri­tiz­ing the are­as whe­re we can deli­ver the hig­hest value for the long term,” said David Zins­ner, Intel CFO. “The­se actions under­pin our cost-reduc­tion tar­gets of $3 bil­li­on in 2023, and set the stage to achie­ve $8 bil­li­on to $10 bil­li­on by the end of 2025.” (…) Wei­ter­le­sen »

News Sum­ma­ry

▪Second-quar­ter GAAP reve­nue of $15.3 bil­li­on, down 22% year over year (YoY), and non-GAAP reve­nue of $15.3 bil­li­on, down 17% YoY.

▪Intel’s Cli­ent Com­pu­ting and Dat­a­cen­ter and AI Groups lar­ge­ly impac­ted by con­tin­ued adver­se mar­ket con­di­ti­ons; Net­work and Edge Group and Mobi­leye achie­ved record quar­ter­ly revenue.

▪Second-quar­ter GAAP ear­nings per share (EPS) was $(0.11); non-GAAP EPS was $0.29.

▪Revi­sing full-year reve­nue gui­dance to $65 bil­li­on to $68 bil­li­on; rei­te­ra­ting full-year adjus­ted free cash flow guidance.

SANTA CLARA, Calif., July28, 2022 –Intel Cor­po­ra­ti­on today repor­ted second-quar­ter 2022 finan­cial results.

“This quarter’s results were below the stan­dards we have set for the com­pa­ny and our share­hol­ders. We must and will do bet­ter. The sud­den and rapid decli­ne in eco­no­mic acti­vi­ty was the lar­gest dri­ver, but the short­fall also reflects our own exe­cu­ti­on issues,” said Pat Gel­sin­ger, Intel CEO. “We are being respon­si­ve to chan­ging busi­ness con­di­ti­ons, working clo­se­ly with our cus­to­mers while remai­ning laser-focu­sed on our stra­tegy and long-term oppor­tu­ni­ties. We are embra­cing this chal­len­ging envi­ron­ment to acce­le­ra­te our transformation.”

“We are taking neces­sa­ry actions to mana­ge through the cur­rent envi­ron­ment, inclu­ding acce­le­ra­ting the deploy­ment of our smart capi­tal stra­tegy, while rei­te­ra­ting our pri­or full-year adjus­ted free cash flow gui­dance and retur­ning gross mar­gins to our tar­get ran­ge by the fourth quar­ter,” said David Zins­ner, Intel CFO. “We remain ful­ly com­mit­ted to our busi­ness stra­tegy, the long-term finan­cial model com­mu­ni­ca­ted at our inves­tor mee­ting and a strong and gro­wing divi­dend.” (…) Wei­ter­le­sen »

Deli­vers Record Quar­ter­ly and Full-Year Revenue

News Sum­ma­ry

▪       Fourth-quar­ter GAAP reve­nue was $20.5 bil­li­on, excee­ding Octo­ber gui­dance by $1.3 bil­li­on and up 3 per­cent year-over-year (YoY). Fourth-quar­ter non-GAAP reve­nue was $19.5 bil­li­on, excee­ding Octo­ber gui­dance by $1.2 bil­li­on. Full-year GAAP reve­nue set an all-time Intel record of $79.0 bil­li­on, up 1 per­cent YoY.

▪       Deli­ver­ed GAAP fourth-quar­ter ear­nings per share (EPS) of $1.13, excee­ding Octo­ber gui­dance by 35 cents. Fourth-quar­ter non-GAAP EPS was $1.09, excee­ding Octo­ber gui­dance by 19 cents.

▪       In 2021, Intel gene­ra­ted $30.0 bil­li­on of cash from ope­ra­ti­ons and $11.3 bil­li­on of free cash flow (FCF).

▪       Fore­cas­ting first-quar­ter 2022 reve­nue of appro­xi­m­ate­ly $18.3 bil­li­on; expec­ting first-quar­ter EPS of $0.70 (non-GAAP EPS of $0.80).

▪       Announ­ces five per­cent increase to quar­ter­ly cash dividend.

SANTA CLARA, Calif., Janu­ary 26, 2022 — Intel Cor­po­ra­ti­on today repor­ted fourth-quar­ter and full-year 2021 finan­cial results. The com­pa­ny also announ­ced that its board of direc­tors appro­ved a cash divi­dend increase of five per­cent to $1.46 per share on an annu­al basis. The board declared a quar­ter­ly divi­dend of $0.365 per share on the company’s com­mon stock, which will be paya­ble on March 1 to share­hol­ders of record as of Febru­ary 7.

“Q4 repre­sen­ted a gre­at finish to a gre­at year. We excee­ded top-line quar­ter­ly gui­dance by over $1 bil­li­on and deli­ver­ed the best quar­ter­ly and full-year reve­nue in the company’s histo­ry,” said Pat Gel­sin­ger, Intel CEO. “Our disci­pli­ned focus on exe­cu­ti­on across tech­no­lo­gy deve­lo­p­ment, manu­fac­tu­ring, and our tra­di­tio­nal and emer­ging busi­nesses is reflec­ted in our results. We remain com­mit­ted to dri­ving long-term, sus­tainable growth as we relent­less­ly exe­cu­te our IDM 2.0 stra­tegy.” (…) Wei­ter­le­sen »