Categories AlphaGraphs, Earnings, Technology

INTC Earnings: Intel posts weaker-than-expected revenue and profit for Q2

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

Second-quarter revenues decreased 22% annually to $15.3 billion. The top line also missed the consensus estimates.  

Adjusted earnings declined to $0.29 per share in the latest quarter from $1.36 per share in the second quarter of 2021. The latest number also fell short of expectations. On a reported basis, the company posted a net loss of $0.5 billion or $0.11 per share, compared to a profit of $5.1 billion or $1.24 per share last year.

Check this space to read management/analysts’ comments on Intel’s Q2 results

“We are being responsive to changing business conditions, working closely with our customers while remaining laser-focused on our strategy and long-term opportunities. We are embracing this challenging environment to accelerate our transformation,” said Intel’s CEO Pat Gelsinger.

Prior Performance

  • Intel Q1 2022 earnings infographic
  • 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

FL Earnings: Foot Locker Q1 2024 profit declines on lower sales

Foot Locker, Inc. (NYSE: FL) Wednesday reported a decline in profit for the first three months of fiscal 2024 when revenues decreased 3% year-over-year. Revenues of the specialty athletic retailer

Infographic: How Kohl’s Corporation (KSS) performed in Q1 2024

Kohl’s Corporation (NYSE: KSS) reported first quarter 2024 earnings results today. Net sales decreased 5.3% year-over-year to $3.2 billion. Comparable sales decreased 4.4%. Net loss was $27 million, or $0.24

DG Earnings: All you need to know about Dollar General’s Q1 2024 earnings results

Dollar General Corporation (NYSE: DG) reported its first quarter 2024 earnings results today. Net sales increased 6.1% year-over-year to $9.91 billion. Same-store sales increased 2.4%. Net income decreased over 29% to

Add Comment
Viewing Highlight