Share with friends and circles of friends with wechat QR code < / P > < p > < p > on July 29, local time, Intel announced its financial results for the second quarter of 2022 as of July 2 on Thursday. According to the financial report, Intel's revenue in the second quarter was $15.32 billion, down 22% year-on-year, lower than analysts' expectations of $17.92 billion. The net loss in the second quarter was $454million, compared with a net profit of $5billion in the same period last year. Adjusted earnings per share were $0.29, while analysts expected $0.70

Intel expects revenue of $15billion to $16billion in the third quarter, with adjusted earnings per share of $0.35; Analysts had expected Intel's third quarter revenue to be $18.62 billion, with adjusted earnings per share of $0.86. Intel also estimated that its annual revenue was $65billion to $68billion, with adjusted earnings per share of $2.3; Analysts had expected Intel's full year revenue to be $74.34 billion, with adjusted earnings per share of $3.42

Intel's second quarter results and future performance outlook were lower than market expectations, and the company's share price once fell 10% in after hours trading on Thursday. Intel shares closed at $39.71 that day, down 1.17%, and have fallen 23% this year

in the second quarter, the revenue of Intel Customer computing group (CCG), including personal computer chips, was $7.7 billion, a year-on-year decrease of 25%, far lower than the average analyst expectation of $8.89 billion. Earlier this month, Gartner, a technology industry research firm, said that PC shipments fell nearly 13% in the second quarter. Intel said that the demand for personal computers in the consumer and education markets was "weak", and the rise in unit costs led to lower operating profits for the customer computing group

the data center and artificial intelligence business group (DCAI) recently established by Intel, including server chips, artificial intelligence accelerators, memory and field programmable gate arrays, generated revenue of $4.6 billion in the second quarter, a year-on-year decrease of 16%, lower than the average analyst expectation of $6.19 billion. Intel said that the competitive pressure affected the revenue of data centers and AI departments in the quarter

the second quarter revenue of Intel Network and edge computing business group (nex), including network chip products, was $2.3 billion, an increase of 11% year-on-year, slightly higher than the average analyst expectation of $2.27 billion

the second quarter revenue of the accelerated computing system and graphics business group (axg), including various customized chips, was $186million, an increase of 5% year-on-year; The second quarter revenue of mobile eye, the autonomous driving department, was US $460million, an increase of 41% year-on-year. Intel's contract manufacturing business (IFS) had a revenue of $122 million in the second quarter, down 54% year-on-year < p > pat Gelsinger, CEO of Intel, said at the analyst earnings conference call: "the rapid decline of the global economy is the biggest reason for the loss of performance in the quarter, but the poor performance also reflects our own implementation problems in product design and other fields, as well as the supply problems of axg department." He said that Intel continued to cope with the supply shortage, which also affected the supply of some chip products

the rise in interest rates and inflation have affected the income of consumers. In addition, more employees return to the office to work, making the demand for personal computers continue to decline, which also led to a 25% year-on-year decline in the revenue of CCG department, the largest contributor to Intel's revenue

in addition, due to the reduction of chip inventory, the decline of price and the competitive pressure from peers, the revenue of Intel data center business also decreased. Although analysts expect strong growth in the entire data center market, Gelsinger said that the growth rate of the company's data center business in the next oneortwo years will be lower than that of other companies in the same field

"Intel is very dependent on the personal computer industry and data center business, but many OEM manufacturers reduced or delayed the order volume in the second quarter," said Ryan Reith, an analyst at IDC, a market research institution

David zinsner, chief financial officer of Intel, said in an interview that although the speed of small and medium-sized enterprises purchasing computers has slowed down, the development momentum of the company's related businesses has been good. Nevertheless, Intel's latest performance outlook takes into account the weak global economy, which may lead enterprises to extend the update cycle of personal computers < p > zinsner said, "we really think we have hit the bottom." Intel's gross profit margin fell to 36.5% in the second quarter from 50.4% in the previous quarter. He added that the price rise and seasonal improvement in the fourth quarter should help Intel recover its gross profit margin to about 51% to 53%

zinsner reiterated Intel's earlier statement, emphasizing that the company will launch the 14th generation core processor with the code of meteor Lake in 2023. It is reported that Intel's personal computer chip will be shipped at the end of 2023, but zinsner declined to disclose the specific time

in the second quarter, Intel also launched Habana gaudi2 artificial intelligence training chip to compete with NVIDIA's A100 graphics card. Zinsner added that looking ahead, the server chip code named sapphire rapids will be put into production later than expected, probably in 2023

at present, Intel is trying to reshape its business under the leadership of Gelsinger. Since taking office last year, Gelsinger has formulated ambitious plans for Intel, hoping to regain its technological advantage in competition with other chip manufacturers

he also tried to turn Intel into a major chip foundry manufacturer, producing chips for other companies. The core of this strategy is to continuously improve Intel's manufacturing capabilities. The company plans to open new chip manufacturing plants in Arizona, Ohio and Germany

Gelsinger stressed that Intel would not postpone its plan to invest 20billion US dollars to build a large chip factory in Ohio because of the current difficult period, and would continue to hold the foundation laying ceremony in the Ohio factory. He said, "you can't stop building such a factory just because of poor performance in a few quarters." "The semiconductor industry has doubled in the past decade. I need to increase capacity growth to seize the opportunity." < p > zinsner said on Thursday that Intel's goal is to finance the plant construction plan by introducing external investors. He also said that the company is still consolidating its investment structure. He said that external investors such as Blackstone Group will hold non controlling but potentially significant equity

"looking at the whole, we are in the capital intensive stage of transformation," Gelsinger said. The company's strategy is to find ways to actively invest in other capital pools while maintaining a healthy balance sheet

Gelsinger also revealed that Intel plans to let its ?
2023-03-22 10:04:54