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Intel: quarterly results and development prospects

Intel Announces Third Quarter Financial Results. Total revenues were $ 6.5 billion., which is 3% more compared to the previous quarter and practically corresponds to the indicators for the same period last year.

In the third quarter of this year, Intel’s net profit amounted to $ 686 million., which is 54% more compared to the previous quarter and 547% more compared to the same period in 2021. Earnings per share were $ 0.10, up 43% from the previous quarter and 400% up from $ 0.02 in the third quarter of 2021.

Third-quarter net income excluding costs of approximately $ 108 million., related to the acquisition of other companies amounted to $ 768 million., which is 24% more compared to the previous quarter and 17% more compared to the same period last year. Earnings per share excluding acquisition costs were $ 0.11, up 22% QoQ and 10% QoQ 2021.

October 10, 2021. Texas Court ruled that Intel infringed Intergraph with Intel’s Itanium processor. In accordance with the provisions of the agreement between the parties dated April 2021. Intel Corporation agrees to pay Intergraph Corporation estimated damages of $ 150 million. within 30 days from the date of entry into force of the court decision and another $ 100 million. at the first request of the Intergraph corporation. Intel plans to seek judicial review. Preliminary analysis suggests that payments will be capitalized and amortized over several years and the court ruling will have no impact on Intel’s published Q3 2021 results.

Intel revenue for the fourth quarter of 2021. projected at $ 6.5 – $ 6.9 billion. R&D costs (excluding research in progress) and administrative and management costs in the fourth quarter of 2021. estimated to be $ 2.1 billion. Overall, as expected in 2021. R&D expenditures (excluding research in progress) will amount to approximately $ 4.0 billion.

Cost of capital goods in 2021. in general is expected to amount to $ 4.7 billion., which is lower than the previously predicted figure of $ 5.0 – $ 5.2 billion. Basically, the costs for these purposes will be reduced due to savings in ongoing projects. In addition, the corporation slightly reduces equipment costs in the fourth quarter due to the reuse of some types of equipment already used in other technological processes.

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