Intel: Q1 revenue flat

(CercleFinance.com) - Intel has reported Q1 adjusted revenue of 18.
6 billion dollars, flat y-o-y.

Adjusted net income came in at 5.7 billion dollars, down 6% year-on-year. Meanwhile, adjusted EPS was 1.39 dollar, down 1%, albeit above the consensus.

For FY 2021, Intel is targeting adjusted revenue of 75.5 billion dollars and adjusted EPS of 4.6 dollars.

Hailing "exceptional demand", Intel CEO Pat Gelsinger says that 2021 is "a pivotal year for Intel".


Copyright (c) 2021 CercleFinance.com. All rights reserved.