Intel Reports Better-than-Expected Results
2022-02-20 15:22:25 Source: Daguan Keweiwei
According to Intel’s reported fourth-quarter earnings, its ·largest business, its Client Computing Group, was down 7% year-over-year to $10.1 billion, though it still beat analysts' estimates.
The company said it expected $18.3 billion in adjusted sales in the first quarter of 2022, beating consensus analyst expectations of $17.62 billion.
Intel CEO Pat Gelsinger said in an interview that the annual drop in the group, which includes Intel’s PC chip business, was a function of customers and PC makers shifting sales from quarter to quarter.
“I wouldn’t read anything into the quarter-on-quarter,” Gelsinger said, adding that supply constraints were also a factor.
About Intel
Intel Corporation, stylized as intel, is an American multinational corporation and technology company headquartered in Santa Clara, California.
On the ranking of “The 2nd Daguan·Keweiwei World Brand Value Top 900" released on January 13, 2022, Intel’s brand value was 1049.732 billion RMB, ranking the 11th.
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