Intel achieved file second-quarter income with 34 p.c data-centric income progress and seven p.c PC-centric income progress YoY. These outcomes have been pushed by sturdy gross sales of cloud, pocket book, reminiscence and 5G merchandise in an atmosphere the place digital providers and computing efficiency are important to how we stay, work and keep related.
News Summary:
- Second-quarter income of $19.7 billion was up 20 p.c year-over-year (YoY). Data-centric income grew 34 p.c, accounting for 52 p.c of complete income; PC-centric income grew 7 p.c YoY.
- Second-quarter GAAP earnings-per-share (EPS) was $1.19, up 29 p.c YoY; non-GAAP EPS of $1.23 was up 16 p.c.
- Year-to-date, generated $17.three billion money from operations and $10.6 billion of free money circulate and paid dividends of $2.eight billion.
- Accelerating 10 nm product transition; 7 nm product transition delayed versus prior expectations.
- Expecting full-year income of $75 billion; GAAP EPS of $4.53 and non-GAAP EPS of $4.85.
Second-quarter data-centric outcomes have been led by energy within the Data Center Group (DCG) with income up 43 p.c YoY pushed by broad energy together with 47 p.c YoY progress in cloud service supplier income. Intel added to its data-centric product choices within the second quarter with the introduction of latest third Gen Intel Xeon Scalable processors and new additions to its {hardware} and software program AI portfolio for information middle, community and intelligent-edge environments. Intel’s reminiscence enterprise (NSG) set a brand new income file within the quarter, and Intel’s portfolio for 5G community infrastructure gained buyer momentum, most notably the 10 nm-based Intel Atom P5900 for wi-fi base stations. Mobileye continued to win new ADAS designs in a difficult financial atmosphere for automotive, and Intel acquired Moovit, a mobility-as-a-service (MaaS) options firm, advancing Mobileye’s plan to develop into an entire mobility supplier.
The PC-centric enterprise (CCG) was up 7 p.c YoY within the second quarter on pocket book energy pushed by the continued work- and study at residence dynamics of COVID-19, which additionally contributed to a quantity decline in desktop type elements as demand shifted to notebooks. In the second quarter, Intel expanded its 10th Gen Intel Core processor line-up with the launch of latest Core S and H sequence processors for desktop and cell gaming in addition to the brand new 10th Gen Intel Core vPro processors, which ship uncompromised productiveness and hardware-based safety features for industrial PCs. The second quarter additionally marked the launch of Intel Core processors with Intel Hybrid Technology, code-named “Lakefield,” which make the most of Foveros 3D packaging expertise and have a hybrid CPU structure for energy and efficiency scalability.
Intel is accelerating its transition to 10 nm merchandise this yr with growing volumes and powerful demand for an increasing line up. This features a rising portfolio of 10 nm-based Intel Core processors with “Tiger Lake” launching quickly, and the primary 10 nm-based server CPU “Ice Lake,” which stays deliberate for the tip of this yr. In the second half of 2021, Intel expects to ship a brand new line of consumer CPU’s (code-named “Alder Lake”), which is able to embody its first 10 nm-based desktop CPU, and a brand new 10 nm-based server CPU (code-named “Sapphire Rapids”). The firm’s 7 nm-based CPU product timing is shifting roughly six months relative to prior expectations. The main driver is the…
