Categories AlphaGraphs, Earnings, Technology

Intel (INTC) Earnings: Q3 profit tops expectations amid strong chip demand

Intel Corporation (NASDAQ: INTC) Thursday reported higher revenues and earnings for the third quarter of 2021. The bottom-line also came in above estimates.

Intel Q3 2021 earnings infographic

Revenues increased 5% annually to $19.2 billion in the September quarter as the COVID-driven digital transformation lifted the demand for chips. On an adjusted basis, revenues were $18.1 billion.

Adjusted earnings moved up to $1.71 per share from $1.08 per share in the third quarter of 2020 and beat the estimates. Net income was $6.8 billion or $1.67 per share, compared to $4.3 billion or $1.02 per share last year.

Read management/analysts’ comments on Intel’s Q3 results

Shares of Intel lost about 13% in the past six months. They declined on Thursday evening immediately following the earnings announcement, after closing the regular session higher.

Prior Performance

  • Intel reports Q3 2020 earnings results


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight