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Strong PC chip sales help Intel beat forecasts, but data center revenue tanks SHARE Chipmaking giant Intel Corp. beat market expectations on earnings and revenue today thanks to strong sales of personal computer chips as it delivered its first quarterly financial results under new Chief Executive Pat Gelsinger. The company’s first-quarter sales were essentially flat, however, and its profit fell from the same period one year ago, sending its stock down more than 2% after-hours. Intel reported a profit before certain costs such as stock compensation of $1.39 per sh...

Operator Good day. Thank you for standing by. Welcome to the Intel Corp's first-quarter 2021 earnings conference call. [Operator instructions] Please be advised that today's conference is being recorded. [Operator instructions] I would now like to hand the conference over to your speaker, head of investor relations, Tony Balow. Please go ahead. Tony Balow -- Head of Investor Relations Thank you, operator. Welcome, everyone, to Intel's first-quarter earnings conference call. By now, you should have received a copy of our earnings release and the earnings presentation. If you've not received b...

Intel CEO Pat Gelsinger’s First Fiscal Quarter: ‘Intel Is Back’ ‘We’re firing on all cylinders. Our best days are ahead of us. We’re investing for the future. We’re executing. And we’re just getting started,” the Intel CEO says in his first quarterly financial analyst call. By Joseph F. Kovar April 23, 2021, 11:06 AM EDT Pat Gelsinger, in his first quarterly financial analyst conference call since becoming Intel CEO, said Thursday that Intel not only delivered a strong fiscal first quarter 2021, but has laid the groundwork for expansion acro...

Intel Corp., the biggest chipmaker, fell the most in three months after reporting a drop in data center revenue and a steep decline in gross profit margin, a sign it’s losing market share to rivals and customers who are designing their own components.

Priti Ramgarhia- April 23, 2021, 8:25 AM EDT SHARE ON: Intel Corporation posted better-than-expected 1Q results. However, shares of the tech giant dipped 2.8% in Thursday’s extended trading session after closing 1.8% lower on the day. Intel ( INTC) reported 1Q adjusted earnings of $1.39 per share, down 1% on a year-over-year basis but handily beat the Street’s estimates of $1.15 per share. Revenue remained flat at $18.6 billion but topped analysts’ expectations of $17.86 billion. Notably, both EPS and revenue exceeded the company’s guid...