Intel (INTC) Q4 2022 Earnings – A Solid Result That Again Failed To Create a Buzz

Intel (NASDAQ:INTC) has now appear its earnings for the fourth quarter of 2021, beating consensus expectations regarding its elevation-line and bottom-line metrics.

Intel (NASDAQ: INTC) Earnings Release for the Fourth Quarter of 2021

For the 3 months that concluded on the 31st of December 2021, Intel reported $19.5 billion in non-GAAP revenue. The number exceeded consensus expectations by 6 percent.

(All figures are in billions of dollars)

Here is the operation of Intel's concern segments in Q4 2021:

Readers should annotation that analysts expected the Customer Calculating Group (CCG) to post sales of $9.vi billion and the Data-Centre Group (DCG) to generate $vi.7 billion in acquirement during the quarter. During Q4 2021, DCG recorded an best loftier revenue, while NSG ended upwards as the biggest disappointment.

The following extract from the company'south earnings release provides supplemental platform revenue information:

Finally, Intel earned $i.09 in EPS (not-GAAP), beating consensus expectations by 19.8 percent.

(All figures are in dollars)

Hither is Intel's guidance for the get-go quarter of 2022:

As far as Intel's product line is concerned, the company noted in its press release:

• Announced plans to take Mobileye public in the United States in mid-2022 via an initial public offering of newly issued Mobileye stock.
• Completed the beginning closing of the sale of our NAND retention business to SK Hynix, Inc.
• Announced initial investment of more than $20 billion to build two new leading-edge chip factories in Ohio, where we are establishing the first advanced semiconductor campus in the "Silicon Heartland" of the Midwest. This will be Intel's offset new manufacturing site location in 40 years.
• Launched the 12th Gen Intel® Core™ processor family, including the all-new 12th Gen Intel Core H-serial mobile processors led by the Intel Core i9-12900HK, the fastest mobile processor ever created.1 The 12th Gen Intel Core family volition include sixty processors and more 500 designs.
• Unveiled fundamental packaging, transistor, and quantum physics breakthroughs central to advancing and accelerating computing well into the next decade and outlined its path toward more than than 10x interconnect density improvement in packaging with hybrid bonding and thirty% to l% surface area improvement in transistor scaling.
• Began aircraft Intel® Arc™ discrete graphics products (code-named "Alchemist") to OEM/ODM customers, with more than than 50 blueprint wins.

Investors have reacted negatively to Intel's latest earnings release, with the stock registering a loss of over 2 percent in after-hours trading.

Earnings Context

As we've noted previously, Intel is investing at least $twenty billion to build a hub in Ohio that might eventually house as many every bit 8 fabs. The company plans to build at least two fabs at its Ohio hub on a priority basis, with production expected to commence in 2025. Intel is also investing another $20 billion in Ocotillo, Arizona, in order to add two new facilities that will serve both Intel'due south customers and future foundry partners.

In order to fund these expensive projects, Intel is divesting non-essential businesses. One such movement is the sale of Intel'south memory unit to the S Korean house SK Hynix, which completed regulatory approving toward the end of 2021. These efforts are function of a broader push past the chip manufacturing industry to gear up plants in the U.s..

Source: https://wccftech.com/intel-intc-q4-2021-earnings-a-solid-result-that-again-failed-to-create-a-buzz/

Posted by: weberpaut1944.blogspot.com

Share this post