Intel (INTC) To Report Q1 Earnings: What's In The Offing?

Image: Bigstock

Intel (INTC Quick Quote INTC - Free Report) is scheduled to report first-quarter 2021 results on Apr 22, 2021.

For first-quarter 2021, Intel expects non-GAAP revenues of $17.5 billion. The Zacks Consensus Estimate for revenues is pegged at $18.01 billion, indicating a decline of 9.2% from the year-ago quarter.

In the first quarter, PC-centric business is anticipated to improve in low-single digits on a year-over-year basis, while data-centric business is projected to decline approximately 25% year over year. Intel anticipates momentum in consumer notebook PCs to have continued in the first quarter, led by remote working and online trends.

For the first quarter, Intel expects non-GAAP earnings to be $1.10 per share. The Zacks Consensus Estimate for earnings is pegged at $1.15, stable in the past seven days. The figure suggests a fall of 20.7% from the prior-year reported figure.

Notably, the company has beat earnings estimate in each of the trailing four quarters, the average surprise being 15.8%.

Factors Likely To Have Influenced Q1 Results

Coronavirus-induced work-from-home and online learning wave may have bolstered sales of processors utilized in enterprise laptops and data center servers. This, in turn, is anticipated to get reflected in first-quarter revenues.

Notably, an encouraging trend in PC shipments in the first quarter, driven by increased demand and improvement in the supply chain, is likely to have contributed to Intel’s Client Computing Group (CCG) segment revenues. Per IDC data, PC shipments in first-quarter 2021 improved 55.2% year over year to 84 million units.

Moreover, robust adoption of Xeon processors, which are integrated with Optane DC Persistent Memory solution, may have contributed to the top line in the quarter to be reported. Strong momentum for 10 nanometer (nm) mobile CPU bodes well.

Likewise, incremental adoption of the latest Core vPro and Lakefield processors, and Tiger Lake series offerings is likely to get reflected in the to-be-reported quarter’s revenues.

1 2 3
View single page >> |

Disclaimer: Neither Zacks Investment Research, Inc. nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.