Intel INTC is scheduled to repo
Intel INTC is scheduled to report second-quarter 2021 outcomes on Jul 22, 2021.
For second-quarter 2021, Intel expects non-GAAP revenues (excluding the NAND reminiscence enterprise) of $17.Eight billion, indicating a decline of two% from the determine reported within the year-ago quarter.
The Zacks Consensus Estimate for revenues is pegged at $17.73 billion, indicating a decline of 10.1% from the year-ago quarter.
For the second quarter, Intel expects non-GAAP earnings to be $1.05 per share, suggesting a decline of 8% from the determine reported within the year-ago quarter.
The consensus mark for earnings is pegged at $1.06, secure prior to now 30 days. The determine suggests a fall of 13.8% from the prior-year reported determine.
Intel Company Worth and EPS Shock
Intel Company price-eps-surprise | Intel Company Quote
The corporate has overwhelmed earnings estimates in every of the trailing 4 quarters, delivering an earnings shock of 17.69%, on common.
Elements Doubtless To Have Influenced Q2 Outcomes
Coronavirus-induced work-from-home and online-learning waves could have bolstered gross sales of processors utilized in enterprise laptops and knowledge middle servers. This, in flip, is anticipated to get mirrored in second-quarter revenues.
Though PC shipments have proven indicators of slowing within the second quarter, robust demand for notebooks is more likely to have contributed to Intel’s Consumer Computing Group phase revenues. Per IDC knowledge, PC shipments in second-quarter 2021 improved 13.2% 12 months over 12 months to 83.6 million models.
Strong adoption of Xeon processors, that are built-in with Optane DC Persistent Reminiscence answer, could have contributed to the highest line within the quarter to be reported.
Intel’s Optane DC Persistent Reminiscence modules are being leveraged by the likes of Oracle ORCL, SAP, Google, Microsoft MSFT, Baidu and Alibaba.
Likewise, incremental adoption of Core vPro (11th technology) and Lakefield processors, and Tiger Lake collection choices, is more likely to get mirrored within the to-be-reported quarter’s revenues.
Launch of third-generation Xeon Ice Lake processors can be anticipated to have benefited top-line development for this Zacks Rank #2 (Purchase). You possibly can see the entire checklist of at the moment’s Zacks #1 Rank (Robust Purchase) shares right here.
Intel’s high line is anticipated to have benefited from an bettering knowledge middle enterprise within the to-be-reported quarter.
Mobileye’s new design wins and rising proliferation of IoT, together with the stabilizing automotive trade, could have contributed to Intel’s second-quarter efficiency. Rising clout of Mobileye’s SuperVision surround-view superior driver-assistance system in premium electrical automobiles bodes nicely.
Rising adoption of cloud-based options throughout cellular compute, together with community infrastructure for 5G, triggered by momentum in coronavirus crisis-induced work-from-home wave, has been a key catalyst for development. Intel’s collaboration with Google cloud is noteworthy on this regard.
Nonetheless, sluggishness throughout Intel’s Web of Issues Group (IOTG) finish markets, particularly retail and industrial, is more likely to have affected revenues within the quarter underneath evaluate.
Rising competitors from Superior Micro Gadgets AMD is anticipated to harm profitability. Growing bills on accelerated ramp up of 10 nm merchandise and enchancment in 7 nm manufacturing are anticipated to have hindered second-quarter profitability.
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