Intel released the financial report for Second-Quarter 2021: Revenue exceeded expectations

Intel’s financial report shows that the second-quarter revenue was $19.6 billion, up 2% year-on-year, higher than the expected $17.8 billion; net profit was US$5.2 billion, up 6% year-on-year, earnings per share were US$1.28, an increase of 12% year-on-year, exceeding consensus expectations by more than 19%. Intel said that it has provided 50 million Tiger Lake chips to the market and will ship millions of Alder Lake chips to partners in the second half of this year. Although the shortage of desktop computer chips will be more serious in the third quarter, Intel will still increase its full-year revenue forecast by US$1 billion to $73.5 billion.

Although there was 15% and 40% sales growth in desktops and laptops, the revenue was at the expense of price reductions. The average selling prices of the two dropped by 5% and 17%, respectively. This shows that Intel is taking lower measures to grab market share with AMD. In addition to personal computers, the highlight in the financial report is still the autonomous driving system company Mobileye, with quarterly revenue of $327 million, a substantial increase of 128% year-on-year. Intel hopes that Mobileye can become a mainstream brand of autonomous driving systems. It has already begun road testing in New York City and is the only company in New York that holds an autonomous vehicle test license. The data center department performed poorly, with revenue of $6.5 billion, a year-on-year decrease of 9%. Intel said it would face a more intense competitive environment.