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Guru3D.com » News » Intel Reports First-Quarter 2021 Financial Results

Intel Reports First-Quarter 2021 Financial Results

by Hilbert Hagedoorn on: 04/23/2021 07:21 AM | source: | 15 comment(s)
Intel Reports First-Quarter 2021 Financial Results

Intel Corporation today reported first-quarter 2021 financial results. "Intel delivered strong first-quarter results driven by exceptional demand for our leadership products and outstanding execution by our team.

The response to our new IDM 2.0 strategy has been extraordinary, our product roadmap is gaining momentum, and we're rapidly progressing our plans with re-invigorated focus on innovation and execution," said Pat Gelsinger, Intel CEO. "This is a pivotal year for Intel. We are setting our strategic foundation and investing to accelerate our trajectory and capitalize on the explosive growth in semiconductors that power our increasingly digital world."

First-quarter 2021 GAAP operating margin, net income, tax rate, and EPS results reflect the impact of a charge related to VLSI litigation. Intel strongly disagrees with the jury's verdict in March and intends to appeal. In the first quarter, the company generated $5.5 billion in cash from operations, paid dividends of $1.4 billion, and used $2.3 billion to repurchase stock.

 

 

Business Unit Summary

First-quarter revenue exceeded January guidance by $1.1 billion led by continued, strong PC demand. PC unit volumes were up 38 percent YoY, and notebook volumes set a new Intel record. The company also saw initial recovery of Enterprise and Government sales in the Data Center Group (DCG). Intel also achieved better-than-expected revenue in Internet of Things Group (IOTG) and Mobileye, and Mobileye set a new revenue record in the quarter.

In the first quarter of 2021, Intel shipped new CPU products and announced key customer design wins. The company also completed the CEO transition to Pat Gelsinger who unveiled Intel's new, differentiated IDM 2.0 strategy for manufacturing, innovation and product leadership.

Business Highlights

  • Announced new IDM 2.0 Strategy, including $20 billion capacity expansion plans in Arizona and new Intel Foundry Services.
  • Introduced new client processor families including: 11th Gen Intel Core vPro platform, N-series 10-nanometer Pentium Silver and Celeron processors, 11th Gen Intel Core H-series mobile processors and 11th Gen Intel Core S-series desktop processors (code-named "Rocket Lake-S").
  • Launched new 3rd Gen Intel Xeon Scalable processors (code-named "Ice Lake"), including new network-optimized "N-SKUs".
  • Achieved Amazon Web Services High Performance Computing Competency status.
  • Announced 5G network collaboration with Google Cloud.
  • Intel's Habana AI accelerators and Intel Xeon Scalable processors selected by University of California at San Diego to power new Voyager super computer.
  • Shipped new Intel Agilex FPGAs with heterogeneous integration and advanced 3D packaging.
  • Mobileye's self-driving system, Mobileye Drive, will be the autonomous "driver" for Udelv's next-generation electric self-driving delivery vehicle.
  • Business Outlook
  • Intel's guidance for the second quarter and full year includes both GAAP and non-GAAP estimates. Our Non-GAAP measures exclude the NAND memory business, which is subject to a previously-announced pending sale, as well as certain other items. Reconciliations between GAAP and non-GAAP financial measures are included below.

Additional information regarding Intel's results can be found in the Q1'21 Earnings Presentation available at: www.intc.com.



Intel Reports First-Quarter 2021 Financial Results Intel Reports First-Quarter 2021 Financial Results Intel Reports First-Quarter 2021 Financial Results




« DLSS arrives for COD: Warzone and Modern Warfare · Intel Reports First-Quarter 2021 Financial Results · Launches 27in' WQHD 165 Hz IPS GB2770QSU Gaming Monitor »

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Neo Cyrus
Senior Member



Posts: 10562
Joined: 2006-02-14

#5907142 Posted on: 04/23/2021 08:15 AM
"Intel delivered strong first-quarter results driven by exceptional demand for our leadership products..." I wonder if anyone on Earth is actually that delusional.

RED.Misfit
Senior Member



Posts: 142
Joined: 2019-10-08

#5907156 Posted on: 04/23/2021 09:14 AM
"Intel delivered strong first-quarter results driven by exceptional demand for our leadership products..." I wonder if anyone on Earth is actually that delusional.


Leadership in volume, of course they do. :eek:

Venix
Senior Member



Posts: 3116
Joined: 2016-08-01

#5907174 Posted on: 04/23/2021 10:44 AM
Random amd funboy about to post that intel is dead in ... 3 2 ....1...

Katana1074
Junior Member



Posts: 2
Joined: 2015-06-29

#5907184 Posted on: 04/23/2021 11:59 AM
Random amd funboy about to post that intel is dead in ... 3 2 ....1...

That`s almost as bad.....

Ryu5uzaku
Senior Member



Posts: 7449
Joined: 2006-09-24

#5907185 Posted on: 04/23/2021 12:08 PM
Well it's a given with corona situation. Demand is high for all of computing.

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