The results you have obtained Intel at third quarter of your financial year 2021 They show remarkable strength, thanks mainly to the record revenues the company has obtained in its Internet of Things division and in its Data Center Group. Also in its Mobileye division. This has been the good news, but the company has also had bad news: Its PC components division has suffered due to a shortage of components.
However, the Intel’s revenue is up 5% year-on-year to $ 19.2 billion of dollars. Its PC division is down 2% year-on-year to $ 9.7 billion. Especially due to the drop in laptop components, which reached a higher average selling price. Intel notes that desktop component sales over the period have been stronger.
Meanwhile, the Data Center Group’s revenue was up 10% to $ 6.5 billion. Revenue for cloud service providers was down 20% year-on-year, but business and government customer sales have risen a whopping 70%, balancing the balance and growing the division. The memory division of the company has been another of those affected by the situation, with revenues 4% lower than those of the same period last year, and which remained at 1,100 million dollars.
Regarding the revenue of the Internet of Things division, it reached 1,000 million dollars, 54% more than in the third quarter of 2020. Mobileye entered 326 million dollars, 39% more, and the Group of Programmable Solutions of the company reaped 478 million dollars, 16% more.
For the current quarter, Intel has offered a revenue forecast of $ 19.2 billion, in addition to raising its earnings per share forecast for the full year of 2021 to $ 5.28, and its total annual revenue forecast to $ 77.7 billion. of dollars. In addition, the company’s CFO, George Davis, has announced that he will be retiring next May 2022.
Pat Gelsinger, CEO of Intel, has stated that «The third quarter has shone even brighter with the focus on global semiconductor demand, where Intel has a unique breadth – and scale to lead. Our focus on execution has continued, as we began to meet our IDM 2.0 commitments. We laid the foundation for new factories, shared our accelerated path to regaining leadership in process performance, and unveiled our greatest architectural innovations in a decade. We have also announced great client wins in all areas of our business.«.