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Better-than-expected quarterly figures for Intel

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Miguel A. Rodriguez
Miguel A. Rodriguez
23 April 2021
Intel reported first-quarter 2021 results that came ahead of the consensus. Moreover, it raised its full-year guidance amid solid demand.

The company announced an EPS of $1.39 versus the expected $1.15 adjusted. Revenue figures also topped the $17.90 billion estimated, coming in at $18.57 billion. PC sales and laptop chips surged in the past quarter, reaching a record for the company. The latter reported a 54% increase year-over-year, while PC volumes were up 38%.

Mobileye’s revenue, Intel’s autonomous vehicle subsidiary, was up 48% year-over-year, at $377 million.

For the full year, Intel is looking for an EPS of $4.60 on revenues of $77 billion. It raised its forecast from a previous estimate of earnings per share of $4.55 and revenues of $72 billion. Moreover, Pat Gelsinger, the company’s CEO, announced that Intel would invest $20 billion in new manufacturing chip plants to become a chip manufacturer, making chips for other companies in addition to its own.

Sources: cnbc.com, finance.yahoo.com

This information/research prepared by Andreas Thalassinos does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.