According to foreign media reports, Intel last week released disappointing four-quarter earnings, revenue fell to $ 14 billion, down 32% year-on-year under U.S. GAAP, down 28% year-on-year under non-GAAP, profits also fell sharply, in the U.S. GAAP is from profit to lose, a net loss of $ 700 million, the annual revenue of $ 63.1 billion, but also far less than 2021.
And from what Intel disclosed in its earnings report, after several consecutive quarters of significant declines, their revenue will not stop rebounding in the first quarter of this year and is still expected to decline significantly year-over-year.
In the earnings report, Intel expects revenue of $10.5-11.5 billion in the first quarter, with gross profit margin expected to be 34.1% under US GAAP and 39% under non-US GAAP.
For the first quarter of 2022, Intel reported revenue of $18.4 billion and a gross profit margin of more than 50%. Their revenue estimate of $10.5-11.5 billion for the first quarter of this year is down $6.9-7.9 billion year-over-year and will be down more than 37% year-over-year.
From Intel’s previous earnings release, their revenue was down in all four quarters of last year after growing year-over-year in the fourth quarter of 2021. In the first quarter of last year, Intel’s revenue was $18.4 billion, down year-over-year, followed by $15.3 billion in the next two quarters, both of which were down sharply year-over-year.