Sina Technology News in the early morning of April 29, Beijing time,IntelThe company’s fiscal 2022 first-quarter earnings were announced today. The report shows that Intel’s revenue in the first fiscal quarter was $18.4 billion, down 7% from $19.7 billion in the same period last year; net profit was $8.1 billion, an increase of 141% compared with $3.4 billion in the same period last year; Non-GAAP adjusted net income was $3.6 billion, down 35% from $5.5 billion a year earlier.
Intel’s fiscal first-quarter revenue and adjusted earnings per share exceeded Wall Street analysts’ expectations, but the second-quarter revenue and adjusted earnings per share outlook missed expectations, causing its stock price to fall sharply after the market. 4%.
Main achievement:
In the quarter ended March 31, Intel’s net profit was $8.1 billion, an increase of 141% compared with $3.4 billion in the same period last year; diluted earnings per share were $1.98, compared with $0.82 in the same period last year Compared with the increase of 141%.
Intel’s first-quarter adjusted net income, excluding certain one-time items (not in accordance with GAAP), was $3.6 billion, down 35% from $5.5 billion a year earlier; adjusted earnings per share It was $0.87, down 35% from $1.34 a year earlier.
Intel’s first-quarter revenue was $18.4 billion, down 7 percent from $19.7 billion a year earlier. Not in accordance with U.S. GAAP, Intel’s first-quarter adjusted revenue was also $18.4 billion, down 1 percent from $18.6 billion a year earlier.
Intel’s first-quarter adjusted earnings per share and revenue beat Wall Street analysts’ expectations. According to data provided by Yahoo Finance Channel, 33 analysts had expected Intel’s first-quarter adjusted earnings per share to reach $0.8, and 30 analysts had expected Intel’s first-quarter revenue to reach $18.31 billion. .
Intel’s first-quarter operating profit was $4.341 billion, compared with $3.694 billion a year earlier. Not in accordance with US GAAP, Intel’s first-quarter adjusted operating profit was $4.241 billion, compared with $6.521 billion a year earlier.
Intel’s first-quarter operating margin was 23.7%, up 4.9 percentage points from 18.8% a year earlier. Not in accordance with US GAAP, Intel’s first-quarter adjusted operating margin was 23.1%, down 12 percentage points from 35.1% a year earlier.
Intel’s first-quarter gross profit was $9.244 billion, compared with $10.854 billion a year earlier. Not in accordance with US GAAP, Intel’s first-quarter adjusted gross profit was $9.745 billion, compared with $10.920 billion in the same period last year.
Intel’s first-quarter gross profit margin was 50.4%, down 4.8 percentage points from 55.2% a year earlier. Not in accordance with US GAAP, Intel’s first-quarter adjusted gross profit margin was 53.1%, a decrease of 5.7 percentage points compared with 58.8% in the same period last year.
Intel’s operating expenses (R&D, general and administrative expenses) in the fiscal first quarter were $6.1 billion, up 23 percent from $5.0 billion a year earlier. Among them, research and development expenses were $4.362 billion, compared with $3.623 billion in the same period last year; marketing, general and administrative expenses were $1.752 billion, compared with $1.328 billion in the same period last year; restructuring and other expenses were -$1.211 billion, compared to $2.209 billion in the same period last year. On a non-GAAP basis, Intel’s first-quarter adjusted operating expenses were $5.5 billion, up 25 percent from $4.4 billion a year earlier.
Intel’s first-quarter tax rate was 16.0%, up 2.1 percentage points from 14.0% a year earlier. Not in accordance with US GAAP, Intel’s adjusted tax rate for the fiscal first quarter was 12.9%, down 0.9 percentage points from 13.8% in the same period last year.
Performance of each department:
By division, Intel Client Computing Group’s first-quarter net revenue was $9.294 billion, compared with $10.723 billion in the same period last year, down 13 percent year-on-year; operating profit was $2.827 billion, compared with $2.827 billion in the previous year Operating profit for the same period was $4.288 billion. Among them, the desktop business revenue was $2.641 billion, compared with $2.770 billion in the same period last year; the notebook business revenue was $5.959 billion, compared with $6.956 billion in the same period last year; other business revenue was $694 million, compared with $997 million a year earlier.
Intel’s data center and artificial intelligence group’s first-quarter revenue was $6.034 billion, compared with $4.940 billion in the same period last year, an increase of 22% year-on-year; operating profit was $1.686 billion, compared with $4.94 billion in the same period last year Operating profit was $1.706 billion.
Intel Networking and Edge Group’s first-quarter revenue was $2.213 billion, compared to $1.799 billion in the same period last year, an increase of 23% year-over-year; operating profit was $366 million, compared with operating profit of $1.799 billion in the same period last year $243 million.
Intel’s Accelerated Computing Systems and Graphics business unit had first-quarter revenue of $219 million, compared with $181 million in the same period last year, an increase of 21 percent; operating loss was $390 million, compared with $181 million in the same period last year Operating loss was $176 million.
Mobileye, Intel’s autonomous driving unit, reported first-quarter revenue of $394 million, compared with $377 million in the same period last year, an increase of 5% year-on-year; operating profit was $148 million, compared with operating profit in the same period last year $171 million.
Intel Foundry Services reported first-quarter revenue of $283 million, compared with $103 million a year earlier, an increase of 175%; operating loss was $31 million, compared to last year’s Operating loss in the year-ago period was $34 million.
Intel’s first-quarter revenue from all other businesses was $67 million, compared with $1.724 billion in the same period a year earlier, and an operating loss of $265 million, compared with an operating loss of $2.504 billion a year earlier.
Performance Outlook:
Intel expects revenue in the second quarter of fiscal 2022 to reach about $18 billion, and non-GAAP adjusted revenue is also about $18 billion, which is lower than analysts’ expectations; gross profit margin is about 48%, no Adjusted gross margin under GAAP is approximately 51%; tax rate is approximately 4% and non-GAAP adjusted tax rate is approximately 12%; EPS is approximately $0.50 non-GAAP Earnings per share were around $0.70, missing analysts’ expectations. According to data provided by Yahoo Finance Channel, 30 analysts had previously expected Intel’s revenue in the second fiscal quarter of fiscal 2022 to reach $18.38 billion, and 33 analysts had previously expected Intel’s earnings per share in the second fiscal quarter of fiscal 2022. will reach $0.83.
Intel also expects revenue of about $76 billion in fiscal 2022, and non-GAAP adjusted revenue of about $76 billion, exceeding analyst expectations; gross profit margin is about 49%, not in accordance with GAAP GAAP adjusted gross margin of approximately 52%; tax rate of approximately 9%, non-GAAP adjusted tax rate of approximately 12%; EPS of approximately $4.19, non-GAAP EPS About $3.60, beating analyst expectations; full-year capital expenditures are expected to reach $27 billion; adjusted free cash flow is expected to be -$1 billion to -$2 billion. According to data provided by Yahoo Finance Channel, 25 analysts had expected Intel’s fiscal 2022 revenue to reach $75.78 billion on average, and 26 analysts had previously expected Intel’s fiscal 2022 earnings per share to reach $3.50.
Share price changes:
Shares of Intel were trading atNasdaqIt rose $1.62 in regular trading to close at $46.84, or 3.58%. Intel shares fell $1.85, or 3.95%, to $44.99 in after-hours trading as of 4:59 p.m. ET Thursday (4:59 a.m. Beijing time on Friday). In the past 52 weeks, Intel’s highest price was $58.43 and its lowest price was $43.63. (Tang Feng)