Intel Q4 2021 Earnings Report
Key Takeaways
Intel reported strong Q4 2021 financial results, with GAAP revenue of $20.5 billion, exceeding guidance by $1.3 billion and up 3% year-over-year. GAAP EPS was $1.13, exceeding guidance by 35 cents. The company forecasts Q1 2022 revenue of approximately $18.3 billion and EPS of $0.70 (non-GAAP EPS of $0.80).
Q4 GAAP revenue was $20.5 billion, exceeding October guidance by $1.3 billion and up 3 percent year-over-year (YoY).
Full-year GAAP revenue set an all-time Intel record of $79.0 billion, up 1 percent YoY.
Delivered GAAP fourth-quarter earnings per share (EPS) of $1.13, exceeding October guidance by 35 cents.
In 2021, Intel generated $30.0 billion of cash from operations and $11.3 billion of free cash flow (FCF).
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Forward Guidance
Intel's guidance for the first quarter includes both GAAP and non-GAAP estimates with revenue approximately $18.3 billion and EPS $0.70 (GAAP) and $0.80 (Non-GAAP).