Intel Slides As Earnings Underwhelm Despite Raising Guidance

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Intel Slides As Earnings Underwhelm Despite Raising Guidance

zerohedge2021-07-23

Intel is currently undergoing a dramatic transformation, and as such its just completed quarter is hardly indicative of what to expect as investors will instead be more focused to what the company ...

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MFME
·2021-07-23
Buy the rumour sell the news again...
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2
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WTurtle
·2021-07-23
Rise in long run!!
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EugeneTy
·2021-07-23
Bear on intel
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TeslaLegend
·2021-07-23
Please like and comment. Thanks!
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chaisiewling
·2021-07-23
share n like
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- JoeK:
  ok
  2021-07-23
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- TeslaLegend:
  Nice
  2021-07-23
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peacecraft
·2021-07-23
Amd ftw
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- Nocturne78:
  Nice
  2021-07-23
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FlareSpark
·2021-07-23
Oh no
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Nocturne78
·2021-07-23
Like and comment :)
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- Angel3:
  Ok
  2021-07-23
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Lamborghini1
·2021-07-23
Ok
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huhuping
·2021-07-23
Good sharing
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- Yyyyyyyjjjjj:
  Yeah
  2021-07-23
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Slides As Earnings Underwhelm Despite Raising Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 15:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/intel-slides-earnings-underwhelm-despite-raising-guidance><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Intel is currently undergoing a dramatic transformation, and as such its just completed quarter is hardly indicative of what to expect as investors will instead be more focused to what the company ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/intel-slides-earnings-underwhelm-despite-raising-guidance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INTC","symbol_name":"英特尔","start_time":0,"source_url":"https://www.zerohedge.com/markets/intel-slides-earnings-underwhelm-despite-raising-guidance","article_id":"1122376593","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122376593","pubTimestamp":1627024052,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Intel is currently undergoing a dramatic transformation, and as such its just completed quarter is h","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"INTC":"英特尔"},"translate_title":"尽管提高了指导方针，但英特尔业绩低迷","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTC":0.9},"content_text":"Intel is currently undergoing a dramatic transformation, and as such its just completed quarter is hardly indicative of what to expect as investors will instead be more focused to what the company projects for the future. That said, moments ago INTC reported revenue and earnings which both handily beat expectations, while the company also guided higher. Here are the key Q2 numbers:\n\nRevenue $19.6B, -0.6% Y/Y,\nAdjusted revenue $18.53 billion,beatingthe estimate of $17.80 billion\nAdjusted EPS $1.28, +4% vs $1.23 y/y,beatingthe estimate $1.07\n\n\nLooking closer at the company's segments reveals the following revenue picture:\n\nCloud Computing was up 6% annually to $10.1 billion, and beating estimates of just under $10 billion\nInternet of Things was up 47% to $984 million, beating consensus of $887 million.\nMobileEye is up 124% to $327 million, below Bloomberg consensus of $374 million.\nData Center Group was down 9% to $6.5 billion\nProgrammable Solutions is down 3% to $486 million\nNon-Volatility Memory Solutions is down 34% to $1.1 billion\n\n\nBut as noted above, investors would be more focused on the company's guidance, and while the company projecting Q3 revenues which missed consensus expectations, this was more than offset by a hike to its full year 2021 revenues which means the company now expected Y/Y revenue growth:\n\nSees 3Q Adj Rev About $18.2B, Est. $18.27B\nSees FY Rev. $77.6B, Saw $77B\nSees FY Adj Rev $73.5B, Saw $72.5B, Est. $73.13B\n\nThere were more good news in the company's gross margin which surged from 55.2% currently to 59.2% vs. 54.8% a year ago, and solidly above the estimate 57.0%. Bloomberg Intelligence semiconductors analyst, Anand Srinivasan,  said he was surprised by the strength of Intel’s margin.\nHealthy year-over-year growth in PCs and enterprise data center, along with a weak showing for cloud revenue came as no surprise, though.\nCommenting on the results, CEO Pat Gelsinger said that \"there’s never been a more exciting time to be in the semiconductor industry. The digitization of everything continues to accelerate, creating a vast growth opportunity for us and our customers across core and emerging business areas. With our scale and renewed focus on both innovation and execution, we are uniquely positioned to capitalize on this opportunity, which I believe is merely the beginning of what will be a decade of sustained growth across the industry. Our second-quarter results show that our momentum is building, our execution is improving, and customers continue to choose us for leadership products.\"\nLooking at the cash flow statement, Intel said it generated $8.7 billion in cash from operations during the second quarter. It also paid out dividends of $1.4 billion. Here’s the company’s sources and uses of cash year-to-date.\nIn kneejerk reaction, INTC stock surged, but then pared gains because as Bloomberg notes, on a non-GAAP basis, the Intel numbers were basically in-line; additionally investors were not too happy with the 6% revenue drop in the Data Center Group.\nBottom line: two quarters in, and Intel stock is just 10% higher than where it was at the start of the year.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":175697895,"gmtCreate":1627027825517,"gmtModify":1703482717931,"author":{"id":"3574399983193226","authorId":"3574399983193226","name":"MFME","avatar":"https://static.tigerbbs.com/9c7d2325aa9eb91869c4c7144270a75a","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1,"idStr":"3574399983193226","authorIdStr":"3574399983193226"},"htmlText":"Buy the rumour sell the news again...","listText":"Buy the rumour sell the news again...","text":"Buy the rumour sell the news again...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175697895","repostId":1122376593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175606309,"gmtCreate":1627027410601,"gmtModify":1703482698190,"author":{"id":"3561975721283567","authorId":"3561975721283567","name":"WTurtle","avatar":"https://static.tigerbbs.com/f365603f5d6014baec364bc1bdd93afd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3561975721283567","authorIdStr":"3561975721283567"},"htmlText":"Rise in long run!!","listText":"Rise in long run!!","text":"Rise in long run!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175606309","repostId":1122376593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175847977,"gmtCreate":1627026393299,"gmtModify":1703482672947,"author":{"id":"4089975551761490","authorId":"4089975551761490","name":"EugeneTy","avatar":"https://static.tigerbbs.com/36ec7e1d7e7a079c5602f0de978ba31e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4089975551761490","authorIdStr":"4089975551761490"},"htmlText":"Bear on intel","listText":"Bear on intel","text":"Bear on intel","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175847977","repostId":1122376593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175844804,"gmtCreate":1627026312308,"gmtModify":1703482672289,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Please like and comment. Thanks!","listText":"Please like and comment. Thanks!","text":"Please like and comment. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175844804","repostId":1122376593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175849470,"gmtCreate":1627025768290,"gmtModify":1703482662484,"author":{"id":"3584578813080112","authorId":"3584578813080112","name":"chaisiewling","avatar":"https://static.tigerbbs.com/a9a4a1e448f0d39c51c24533166eb658","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584578813080112","authorIdStr":"3584578813080112"},"htmlText":"share n like","listText":"share n like","text":"share n 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sharing&nbsp;","listText":"Good sharing&nbsp;","text":"Good sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175824331","repostId":1122376593,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5303045,"gmtCreate":1627024806368,"gmtModify":1663231368731,"authorId":3585392435545471,"author":{"id":3585392435545471,"idStr":"3585392435545471","authorId":3585392435545471,"name":"Yyyyyyyjjjjj","avatar":"https://static.tigerbbs.com/e77d3833e0671517bf2a769238d7d016","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175824331,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":43,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}