Intel’s Q2 financial report beats expectations and the poor performance of its data center business

The Financial Associated Press (Shanghai Editor Xia Junxiong) reported that after the US Eastern time on Thursday, the chip giant Intel Corporation (NASDAQ:) released its 2021 second-quarter financial report, and both revenue and earnings per share exceeded Wall Street expectations. After the financial report was announced, Intel estimated that it rose by more than 3% after the market, but then fell by 2%.

According to the financial report, Intel’s non-GAAP revenue in the second quarter was US$18.5 billion, up 2% year-on-year, higher than the expected US$17.8 billion; non-GAAP net profit in the second quarter was US$5.2 billion, up 6% year-on-year; Share income was $1.28, an increase of 12% year-on-year.

In terms of specific business, Intel’s Client Computing Group grew strongly, with revenue of US$10.1 billion in the second quarter, a year-on-year increase of 6%; the data center group (Data Center Group) underperformed, with revenue of US$6.5 billion in the second quarter , A year-on-year decline of 9%, Intel said, this is a challenging competitive environment.

Another highlight of the chip giant’s Q2 financial report was its autonomous driving subsidiary, which had revenues of US$327 million in the second quarter, a year-on-year increase of 124%. Although it cannot be compared with the chip business, Intel has high hopes for it, and the company hopes to become a mainstream brand of self-driving cars. Earlier this week, Mobileye has begun testing self-driving cars in New York City.

Intel also announced its Q3 and full-year performance expectations. The company expects Q3 non-GAAP revenue to be approximately US$18.2 billion and full-year revenue to reach US$73.5 billion. The analysts’ expectations for its Q3 and full-year financial reports are respectively 18.09 billion U.S. dollars and 72.8 billion U.S. dollars.

Since becoming Intel’s CEO in February this year, Pat Gelsinger has been committed to expanding Intel’s business to other regions of the world. In March of this year, Intel announced its expansion strategy. In addition to building two new wafer fabs in Arizona, USA, which cost 20 billion US dollars, Europe also occupies an important position in Intel’s development blueprint. However, the company hopes that the EU government can help. Provide 8 billion euros in public subsidies to better compete with Samsung and TSMC.

In terms of asset acquisitions, Intel has not been idle either. Earlier, there were media reports that Intel planned to acquire SiFive, a semiconductor start-up company, at a price of more than US$2 billion. There are also rumors that Intel intends to acquire GlobalFoundries, a major American chip foundry company. , Valued at 30 billion U.S. dollars.