Original title: IntelQ2 reported better-than-expected data center business performance
After Thursday's trading, chip giant Intel released its results for the second quarter of 2021, with revenue and earnings per share beating Wall Street expectations. After the announcement of the results, Intel estimated that it rose more than 3% at one point in after-hours trading, but then fell 2%.
Intel's second-quarter non-GAAP revenue was $18.5 billion, up 2% from a year earlier and higher than expected of $17.8 billion, while second-quarter non-GAAP net profit was $5.2 billion, up 6% from a year earlier, and non-GAAP earnings per share rose 12% to $1.28 in the second quarter, according to the results.
In terms of specific business, Intel's customer computing division (Client Computing Group) grew strongly, with revenue of $10.1 billion in the second quarter, up 6% from a year earlier, while the data center division (Data Center Group) performed poorly, with revenue of $6.5 billion in the second quarter, down 9% from a year earlier, Intel said. This is a challenging competitive environment.
Another bright spot in the chip giant's Q2 earnings report was its self-driving subsidiary, which had revenue of $327 million in the second quarter, up 124% from a year earlier. Although it cannot be compared with the chip business, Intel has high hopes for it, and the company hopes to become a mainstream brand of self-driving cars. Earlier this week, Mobileye began testing self-driving cars in New York City.
Intel also released its Q3 and full-year earnings forecast, which the company expects Q3 non-GAAP revenue of about $18.2 billion and full-year revenue of $73.5 billion, while analysts' expectations for its Q3 and full-year results are $18.09 billion and $72.8 billion, respectively.
Since becoming Intel CEO in February, Pat Gelsinger has been committed to expanding Intel's business to other parts of the world. In March this year, Intel announced its expansion strategy. In addition to building two new fabs in Arizona at a cost of 20 billion US dollars, Europe also occupies an important position in Intel's development blueprint. However, the company hopes that the EU government can provide it with a public subsidy of 8 billion euros, so as to better cooperate with Samsung and TSMC.Competition.
Intel has not been idle in terms of asset acquisitions, following media reports that Intel plans to buy semiconductor start-up SiFive for more than $2 billion, and rumors that Intel is interested in acquiring GlobalFoundries, a major US chip contract manufacturer, valued at $30 billion.