Intel: disappointing margins?

Posted 27 January, 2022

Intel published quarterly accounts last night that exceeded expectations, but the forecast level of the microprocessor giant's margins is somewhat worrying, which should weigh on prices today. The group announced record fourth-quarter revenue but expects first-quarter earnings to fall below Wall Street consensus. Intel also continues to face supply chain issues. Patrick Gelsinger, CEO of the business, believes that the constraints should persist this year and early next year, while the unprecedented demand for 'chips' is confirmed.

For the quarter ended, adjusted revenues were $19.5 billion versus the consensus $18.3 billion. Adjusted earnings per share were $1.09, versus market consensus of 91 cents. Datacenter business revenue rose 20% to $7.3 billion, well above the FactSet consensus. The group also sees sustained demand for all activities.

On the first fiscal quarter started, revenues are expected to be 18.3 billion against 17.6 billion consensuses. EPS is expected at 80 cents, against 86 cents consensus. Gross margin guidance stands at 52%, in line with medium-term estimates, but some specialists believe that given the group's spending plans, this margin could come under some pressure.

Previous story

27 January, 2022 11:30

← LG net profit in 2021 decreased by 31%

The net profit of Korean LG Electronics, one of the world's leading manufacturers of electronics and household appliances, in the past year decreased by 31% compared to 2020, amounting to 1.415 trillion won (approximately $ 1.2 billion), follows from the company's financial statements.

LG net profit in 2021 decreased by 31%

Next story

27 January, 2022 09:13

Consumer confidence in German economy rises unexpectedly →

The index of consumer confidence in the German economy rose to minus 6.7 points in February from a revised value of minus 6.9 in January, according to research company GfK.

Consumer confidence in German economy rises unexpectedly
Write a comment
Prove you’re not a bot + 20 = 35