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Sep 25, 2021
Intel Q3 2021 Earnings Report
Intel's Q3 2021 financial results were reported, showcasing revenue growth and exceeding EPS guidance.
Key Takeaways
Intel reported a 5% year-over-year increase in third-quarter revenue, reaching $19.2 billion GAAP and $18.1 billion non-GAAP. The company exceeded EPS guidance and is raising full-year EPS and gross margin guidance. Record revenue was achieved in IOTG, with record third-quarter revenue in DCG and Mobileye.
Third-quarter GAAP revenue was $19.2 billion, a 5% increase year-over-year.
Third-quarter GAAP EPS was $1.67, exceeding prior guidance by $0.61.
Full-year 2021 EPS and gross margin guidance raised.
Intel CFO George Davis announced retirement plans for May 2022.
Intel
Intel
Forward Guidance
Intel's guidance for the fourth quarter includes GAAP revenue of approximately $19.2 billion and non-GAAP revenue of approximately $18.3 billion. GAAP EPS is expected to be $0.78, and non-GAAP EPS is expected to be $0.90.