Intel Reports Second-Quarter 2021 Financial Results

[btarunr]

Intel Corporation today reported second-quarter 2021 financial results. "There's never been a more exciting time to be in the semiconductor industry. The digitization of everything continues to accelerate, creating a vast growth opportunity for us and our customers across core and emerging business areas. With our scale and renewed focus on both innovation and execution, we are uniquely positioned to capitalize on this opportunity, which I believe is merely the beginning of what will be a decade of sustained growth across the industry," said Pat Gelsinger, Intel CEO. "Our second-quarter results show that our momentum is building, our execution is improving, and customers continue to choose us for leadership products."



Business Highlights

• Announced a $3.5 billion investment to equip Intel's New Mexico operations for the manufacturing of advanced semiconductor packaging technologies, including Foveros.
• Launched 12 new processors for client, including 11th Gen Intel Core with Intel Iris Xe graphics and Intel Xeon W-11000 series processors with more than 300 designs expected this year.
• Announced partnership with Microsoft including Intel Bridge Technology to deliver better mobile experiences on Windows-powered PCs.
• Leading cloud service providers, including Alibaba, Baidu, Microsoft, and Oracle are offering services based on the latest 3rd Gen Intel Xeon Scalable ("Ice Lake") processors.
• Unveiled the Intel Network Platform and expanded networking leadership product portfolio with new FPGA, software, and Ethernet solutions.
• Announced partnership with Ericsson to expand cloud radio access network to increase 5G performance.
• Mobileye and ZF were selected by Toyota Motor Corp to develop advanced driver assistance systems.
• Announced Mobileye as the only company holding an autonomous vehicle testing permit in New York.
• Announced new organizational changes and welcomed renowned technologists to strengthen execution and innovation in critical business areas.

As part of its IDM 2.0 strategy, Intel is accelerating its annual cadence of innovation with new advancements in semiconductor process and packaging. Join the public webcast at newsroom.intel.com at 2 p.m. PDT on Monday, July 26, for more information on Intel's process and packaging roadmaps.

Additional information regarding Intel's results can be found in the Q2'21 Earnings Presentation available at www.intc.com.

View at TechPowerUp Main Site

 

[ThrashZone]

Hi,
I'm just waiting for nvidia's repeat adopt a miners gpu press release lol

 

[W1zzard]

Every single time I'm amazed by how much money Intel can make with such old tech

 

[medi01]

"Good ties" with OEMs makes wonders.
DIY market is only 16% or so.

Let alone server space.

 

[W1zzard]

"Good ties" with OEMs makes wonders.

AMD is partially to blame for that, too. The stories I keep hearing over the years ..

 

[Melvis]

Every single time I'm amazed by how much money Intel can make with such old tech

Marketing Marketing Marketing. Remember P4? Terrible POS but still out sold AMD 100 to 1, Why? Marketing..Lie enough people will start to believe it.

 

[Deleted member 24505]

I remember post saying Intel going down when ryzen released and was doing so well. OH how very misguided they where. Intel has its fingers in a lot of pies, so not going nowhere. I think AMD could actually learn a lot from them.

Everything up, tax rate down mmm

 

[thesmokingman]

It's friday which is take profits day but dang the market is giving Intel a good ole sell off. I pity the fools who bought after earnings lol.

 

[GURU7OF9]

Every single time I'm amazed by how much money Intel can make with such old tech

You and me both!
Intel big cheif has been sprouting about customers continue to choose us for leadership products in financial results report!
You serious, what leadership products!
Geez they really must have companies over a barrel locked in to their ancient products or maybe they are back up to their anti competitive persuasive tactics again!

 

[nguyen]

Wow Intel's net income is around 5bil vs Nvidia around 1.4bil, yet Nvidia is now value at 2.5x that of Intel (487bil vs 214bil), what gives LOL

 

[Zgreed66]

Wow Intel's net income is around 5bil vs Nvidia around 1.4bil, yet Nvidia is now value at 2.5x that of Intel (487bil vs 214bil), what gives LOL

AMD market cap is now around 110 bil, and net income like 0,5 bil.
Stonks!

 

[W1zzard]

Wow Intel's net income is around 5bil vs Nvidia around 1.4bil, yet Nvidia is now value at 2.5x that of Intel (487bil vs 214bil), what gives LOL

Look up P/E rating for those stocks and how it works, good indicator for what you might want to buy and what's overpriced

 

[medi01]

Wow Intel's net income is around 5bil vs Nvidia around 1.4bil, yet Nvidia is now value at 2.5x that of Intel (487bil vs 214bil), what gives LOL

And there is also that funny bunch of numbers written down out there somewhere, that go for:

And, yes, it's US not Zimbabwean dollars.

Stonks

AMD price/earnings => 39.12 (lower is better)
Intel P/E => 11.91
NV P/E => 92,72 (choo, choo, mfer)

For reference, Apple's P/E ws about 15 in Jobb's era, is about 30 today.

AMD is partially to blame for that, too. The stories I keep hearing over the years ..

I'm pretty sure one of the stories, namely, Compaq's, who refused to have AMD's CPUs for free, fearing Intel, lead to Intel being fined.

I wonder if there are stories about how nice and cool it is to deal with a juggernaut that is used to strong-arming partners.