Categories AlphaGraphs, Earnings, Technology

INTC Earnings: Highlights of Intel’s Q1 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported better-than-expected earnings and revenues for the first quarter of 2022. The semiconductor giant also provided financial guidance for the second quarter.

Intel Q1 2022 earnings infographic

First-quarter revenues decreased 7% annually to $18.4 billion. However, the top line exceeded the consensus estimates.  

Adjusted earnings declined to $0.87 per share in the latest quarter from $1.34 per share in the first quarter of 2021 but beat the estimates. The reported net income was $8.1 billion or $1.98 per share, compared to $3.4 billion or $0.82 per share last year.


Check this space to read management/analysts’ comments on Intel’s Q1 results


“With a $1 trillion market opportunity ahead of us, we remain laser-focused on our IDM 2.0 strategy. We executed well against that strategy in Q1, delivering key product and technology milestones and announcing plans to expand our manufacturing capacity in both the US and Europe to meet the continued demand for semiconductors and drive a more balanced, resilient global supply chain,” said Intel’s CEO Pat Gelsinger.

Prior Performance

  • Intel Q4 2021 earnings infographic
  • Intel Q3 2021 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top