Intel (INTC) earnings Q1 2022


Intel shares fell 4% in extended trading on Thursday after the chipmaker issued a lower-than-expected forecast for its fiscal second quarter.

Here’s how the company did:

  • Earnings: 87 cents per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv.
  • Revenue: $18.35 billion, vs. $18.31 billion as expected by analysts, according to Refinitiv.

Intel’s revenue decreased by 7% year over year in the quarter that ended on April 2, according to a statement. Intel’s gross margin narrowed to 50.4% from 55.2%. The fiscal quarter had 14 weeks.

“We expect the industry will continue to see challenges until at least 2024 in areas like capacity and tool availability,” Intel CEO Pat…

Source cnbc.com

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