Intel Q2 Revenue $19.7 billion, up 20percent year on year, net profit up 22percent year on year

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 Intel Q2 Revenue $19.7 billion, up 20percent year on year, net profit up 22percent year on year


Key points of Intels second quarter financial report

u2014u2014Intels second quarter revenue was $19.7 billion, up 20% from $16.5 billion in the same period last year, exceeding analysts average forecast of $18.55 billion;

u2014u2014Intels second quarter net profit was $5.1 billion, up 22% from $4.2 billion in the same period last year;

u2014u2014Intels earnings per share in the second quarter was $1.19, up 29% from $0.92 in the same period last year, exceeding analysts average forecast of $1.11;

u2014u2014Intels gross profit margin in the second quarter was 53.3%, down 6.6% from 59.8% in the same period last year;

u2014u2014Intels operating expenses in the second quarter were $4.8 billion, down 5% from $5.1 billion in the same period last year. Among them, R & D expenditure was 3.4 billion US dollars, marketing, general and administrative expenditure was 1.447 billion US dollars, restructuring and other expenditures was 9 million US dollars;

Performance of each department:

u2014u2014Intel Customer computing groups second quarter revenue was $9.5 billion, compared with $8.8 billion in the same period last year; operating profit was $2.8 billion, compared with $3.7 billion in the same period last year;

u2014u2014Intel data center groups second quarter revenue was $7.1 billion, compared with $5 billion in the same period last year; operating profit was $3.1 billion, compared with $1.8 billion in the same period last year;

u2014u2014Intel Internet of things groups revenue in the second quarter was $800 million, compared with $1.2 billion in the same period last year; operating profit was $66 million, compared with $347 million in the same period last year;

u2014u2014Intels nonvolatile storage solutions group had revenue of $1.7 billion in the second quarter, compared with $940 million in the same period last year, and an operating profit of $322 million, compared with an operating loss of $284 million in the same period last year;

u2014u2014Intel programmable Solutions Groups second quarter revenue was $500 million, compared with $489 million in the same period last year; operating profit was $80 million, compared with $52 million in the same period last year;

u2014u2014Intels other business revenue in the second quarter was $139 million, up from $65 million in the same period last year, and an operating loss of $712 million, narrowed from a loss of $10.35 in the same period last year.

Performance Outlook:

u2014u2014Intel expects revenue in the third quarter of fiscal year 2020 to be about $18.2 billion, exceeding analysts average forecast of $17.9 billion;

u2014u2014Intel expects the operating profit margin of the third quarter of fiscal year 2020 to be about 28%, the tax rate is about 15.5%, and the earnings per share is about $1.02, which is less than the average analyst expectation of $1.14;

u2014u2014Intel expects revenue of about $75 billion in fiscal year 2020, exceeding analysts average forecast of $73.86 billion;

u2014u2014Intel expects an operating profit margin of about 30%, a tax rate of about 14.5%, and earnings per share of about $4.53, less than analysts average forecast of $4.81.

As Intels largest business unit, customer computing group, which makes chips for personal computers, generated $9.5 billion in revenue in the quarter, up 7% from a year earlier, surpassing analysts consensus forecast of $9.1 billion. Gartner, a market research firm, estimates that PC shipments returned to year-on-year growth in the second quarter after a decline in the impact of the new crown epidemic in the first quarter.

The data center group, which focuses on chips from cloud providers and server manufacturers, contributed $7.1 billion in revenue, up 43% year-on-year, higher than analysts generally expected of $6.6 billion. Non variable storage solutions group revenue increased 76% to $1.7 billion, higher than the consensus forecast of $1.29 billion.

In the quarter, Intel announced its $900 million acquisition of mobile start-up moovit and the sale of its home gateway platform business to MAXLINE for $150 million. The company has also introduced new chips for game PCs and laptops.

At the same time, Intel announced that it was delaying the release of chips using micro 7-nanometer transistors to achieve higher performance and catch up with AMD, which already has 7-nanometer products available. Last year, Intel executives said the 7-nanometer chip would be launched in 2021 and next January. The main driver is the yield of Intels 7Nm process, which is currently progressing about 12 months behind the companys internal target, the company said in a statement Amd shares rose 6% after Intels announcement.

Intel had a supply problem before launching competitive chips, which in turn affected device makers such as Dell and HP.

Intel shares fell $0.65, or 1.06%, to $60.4 in regular NASDAQ trading on Thursday. By the time this article was published, the stock fell another $6.15, or more than 10%, to $54.25 a share. Intel shares have risen about 1% since the beginning of the year, while the S & P 500 index is flat. (small)

Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279