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Intel delivers another strong quarter, but investors flee on near-term profit concerns


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Intel Corp.’s stock lost almost 2% in late trading today as investors digested an eventful second-quarter earnings report and analyst call today.
The American chip giant actually performed well, reporting revenue and profit ahead of both its own and Wall Street’s forecast thanks to strong sales of chips for personal computers. It also raised its end-of-year guidance.
The company reported a profit before certain costs such as stock compensation of $1.28 per share on revenue of $18.5 billion, up 2% from a year ago. That wasn’t massive growth, but it did come in well ahead of Wall Street’s forecast of $1.06 per share in profit and $17.8 billion in revenue. ....

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Intel Expects CPU Shortage To Worsen In Q3 As PC Sales Grow


Intel Expects CPU Shortage To Worsen In Q3 As PC Sales Grow
Intel CEO Pat Gelsinger says he expects shortages to ‘bottom out’ in the second half of 2021, but it will take another one to two years ‘before the industry is able to completely catch up with demand.’ Intel has decided to absorb some of the inflated costs that have been spurred by component shortages, which Gelsinger says is important for rebuilding trust with partners.
By
Dylan Martin July 22, 2021, 07:22 PM EDT
Intel is warning that the CPU shortage for PCs will worsen in the third quarter as the company continued to see steady sales growth in the segment. The good news is that the semiconductor giant said it’s not passing on some of the increased costs caused by supply constraints to partners and customers. ....

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Intel restructuring: Navin Shenoy out; new software, GPUs

Intel restructuring: Navin Shenoy out; new software, GPUs
crn.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com.au Daily Mail and Mail on Sunday newspapers.

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