Intel Q2 2022 Earnings Report
Key Takeaways
Intel reported a 22% year-over-year decrease in GAAP revenue to $15.3 billion for the second quarter of 2022. The company's Client Computing and Datacenter and AI Groups were significantly impacted by adverse market conditions. GAAP earnings per share was $(0.11), while non-GAAP EPS was $0.29. Full-year revenue guidance was revised to $65 billion to $68 billion.
Second-quarter GAAP revenue was $15.3 billion, a 22% decrease year over year.
Client Computing and Datacenter and AI Groups were heavily impacted by adverse market conditions.
GAAP earnings per share (EPS) was $(0.11); non-GAAP EPS was $0.29.
Full-year revenue guidance was revised to $65 billion to $68 billion.
Intel
Intel
Intel Revenue by Segment
Forward Guidance
Intel's guidance for the third quarter includes revenue of approximately $15-16 billion, a GAAP gross margin of 43.2%, and GAAP earnings per share of $0.12. Full-year guidance includes revenue of approximately $65-68 billion, a GAAP gross margin of 44.8%, and GAAP earnings per share of $2.57.
Revenue & Expenses
Visualization of income flow from segment revenue to net income