PR Intel Reports First-Quarter 2021 Financial Results

[Pressemitteilung]

News Summary

>First-quarter GAAP revenue of $19.7 billion, down 1 percent year over year (YoY), and non-GAAP revenue of $18.6 billion, flat YoY, which exceeded January guidance by $1.1 billion.

▪ First-quarter GAAP earnings-per-share (EPS) was $0.82; non-GAAP EPS was $1.39, which exceeded January guidance by $0.29.

▪ In Q1, Intel CEO Pat Gelsinger unveiled the company’s new, differentiated IDM 2.0 strategy for manufacturing, innovation and product leadership.

▪ Raising full-year 2021 guidance. Now expecting GAAP revenue of $77.0 billion and non-GAAP revenue of $72.5 billion; GAAP EPS of $4.00 and non-GAAP EPS of $4.60.¹

SANTA CLARA, Calif., April 22, 2021 — Intel Corporation today reported first-quarter 2021 financial results.

“Intel delivered strong first-quarter results driven by exceptional demand for our leadership products and outstanding execution by our team. The response to our new IDM 2.0 strategy has been extraordinary, our product roadmap is gaining momentum, and we’re rapidly progressing our plans with re-invigorated focus on innovation and execution,” said Pat Gelsinger, Intel CEO. “This is a pivotal year for Intel. We are setting our strategic foundation and investing to accelerate our trajectory and capitalize on the explosive growth in semiconductors that power our increasingly digital world.”

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