Shares of Intel (NASDAQ:INTC) fell in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 4.07% over the past year to $1.28, which beat the estimate of $1.06.

Revenue of $19,631,000,000 decreased by 0.49% year over year, which beat the estimate of $17,840,000,000.

Outlook

Intel Raises FY21 Guidance: Adj. EPS From $4.60 To $4.80 vs $4.62 Estimate, Sales From $72.5B To $73.5B vs $72.94B Est.

Details Of The Call

Date: Jul 22, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/zamhm4tg

Price Action

Company’s 52-week high was at $68.49

52-week low: $43.61

Price action over last quarter: down 4.44%

Company Overview

Intel is the world’s largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore’s law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel’s server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has stagnated. These include areas such as the Internet of Things, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, and Habana Labs in order to bolster these efforts in non-PC arenas.

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