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Apr 02, 2022
Intel Q1 2022 Earnings Report
Intel's Q1 2022 financial results were reported, exceeding expectations for revenue and EPS.
Key Takeaways
Intel reported a strong start to the year with Q1 2022 financial results exceeding expectations. GAAP revenue was $18.4 billion, down 7% year over year, while non-GAAP revenue was $18.4 billion, down 1% year over year. GAAP EPS was $1.98, and non-GAAP EPS was $0.87, exceeding January guidance.
First-quarter GAAP revenue of $18.4 billion, down 7% year over year (YoY).
First-quarter GAAP earnings-per-share (EPS) was $1.98.
Reaffirming full-year 2022 revenue guidance.
Achieved record quarterly revenue in Intel's Network and Edge Group, Mobileye and Intel Foundry Services businesses.
Revenue by Segment
Forward Guidance
Intel's guidance for the second quarter and full year includes both GAAP and non-GAAP estimates.
Positive Outlook
- Q2 2022 Revenue approximately $18.0 billion
- Q2 2022 Non-GAAP Gross Margin 51%
- Q2 2022 Non-GAAP Earnings per share $0.70
- Full-Year 2022 Revenue approximately $76.0 billion
- Full-Year 2022 Non-GAAP Gross Margin 52%
Challenges Ahead
- Q2 2022 GAAP Gross Margin 48%
- Q2 2022 GAAP Earnings per share $0.50
- Q2 2022 Tax rate 4%
- Full-Year 2022 GAAP Gross Margin 49%
- Full-Year 2022 GAAP Earnings per share $4.19
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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