NASDAQ$INTC

Intel · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Intel's financial performance declined due to adverse market conditions and execution issues.

Intel reported a 22% year-over-year decrease in GAAP revenue to $15.3 billion for the second quarter of 2022. The company's Client Computing and Datacenter and AI Groups were significantly impacted by adverse market conditions. GAAP earnings per share was $(0.11), while non-GAAP EPS was $0.29. Full-year revenue guidance was revised to $65 billion to $68 billion.

  • Second-quarter GAAP revenue was $15.3 billion, a 22% decrease year over year.
  • Client Computing and Datacenter and AI Groups were heavily impacted by adverse market conditions.
  • GAAP earnings per share (EPS) was $(0.11); non-GAAP EPS was $0.29.
  • Full-year revenue guidance was revised to $65 billion to $68 billion.

Headline financials

Total Revenue

$15.3B

Previous: $19.6B-22.0%
EPS (adj)

$0.29

Previous: $1.28-77.3%
Capital Expenditures

-$11.8B

Previous: -$7.57B-56.4%
Free Cash Flow

-$12.3B

Previous: -$2.51B-389.5%
Net Income

-$454M

Previous: $5.06B-109.0%
Operating Income

-$700M

Previous: $5.55B-112.6%
Gross Profit

$5.59B

Previous: $11.2B-50.1%
Cash & Equivalents

$4.39B

Previous: $4.75B-7.5%
Total Assets

$170B

Previous: $155B+10.2%
Stock-Based Comp

$892M

Previous: $619M+44.1%

Revenue & EPS history

Intel · Revenue · Quarterly

$15.3B

Q2 2022-22%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Intel · $12.3B total across 3 segments · Q2 2022

  • Client Computing
    $7.67B-24.2%
  • Data Center and AI
    $4.65B
  • All Other
    $32M-81.4%

Forward guidance

Intel's guidance for the third quarter includes revenue of approximately $15-16 billion, a GAAP gross margin of 43.2%, and GAAP earnings per share of $0.12. Full-year guidance includes revenue of approximately $65-68 billion, a GAAP gross margin of 44.8%, and GAAP earnings per share of $2.57.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.4%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-0.7%

Avg return

30 days after

44%

32 / 73 earnings

Positive

+10.0%

Q4 2017

Best reaction

-30.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.0%+41.9%+79.5%
Q4 2025-11.4%-10.2%-18.8%
Q3 2025-7.0%+8.3%-9.6%
Q2 2025+1.9%+8.5%+10.4%
Q1 2025-6.7%-6.5%-6.7%
Q4 2024-2.9%-1.8%+18.6%
Q3 2024+4.0%+4.6%+7.8%
Q2 2024-30.1%-35.5%-28.3%
Q1 2024-7.6%-11.7%-11.0%
Q4 2023-11.1%-12.6%-12.4%
Q3 2023+8.3%+11.2%+33.9%
Q2 2023+7.2%+4.2%-3.2%
Q1 2023+6.9%+2.5%-0.2%
Q4 2022-5.2%-4.8%-15.4%
Q3 2022+6.8%+4.0%+7.8%
Q2 2022-9.6%-10.4%-17.0%
Q1 2022-3.6%-0.4%-1.5%
Q4 2021-5.8%-4.3%-6.5%
Q3 2021-10.7%-12.8%-10.6%
Q2 2021-5.7%-5.4%-7.5%
Q1 2021-7.0%-9.0%-12.0%
Q4 2020-3.4%+1.8%+8.5%
Q3 2020-9.9%-14.7%-15.2%
Q2 2020-17.1%-19.3%-19.3%
Q1 2020-1.4%-2.2%+3.6%
Q4 2019+9.2%+7.3%+2.6%
Q3 2019+9.2%+8.9%+11.4%
Q2 2019-2.5%-2.3%-15.0%
Q1 2019-10.7%-13.1%-24.1%
Q4 2018-1.9%-2.9%+9.5%
Q3 2018+7.7%+12.6%+9.7%
Q2 2018-9.1%-8.3%-9.1%
Q1 2018+2.6%+3.8%+7.9%
Q4 2017+10.0%+7.2%+4.9%
Q3 2017+8.9%+11.5%+9.7%
Q2 2017+1.6%+4.6%-0.2%
Q1 2017-2.1%+0.1%-1.8%
Q4 2016+0.5%-2.6%-3.4%
Q3 2016-4.8%-5.7%-6.1%
Q2 2016-2.5%-1.3%+0.3%
Q1 2016+1.1%
Q4 2015-6.7%
Q3 2015+1.8%
Q2 2015+0.8%
Q1 2015+3.5%
Q4 2014+0.3%
Q3 2014-0.6%
Q2 2014+10.0%
Q1 2014+1.4%
Q4 2013-3.1%
Q3 2013+1.1%
Q2 2013-4.2%
Q1 2013+2.6%
Q4 2012-3.9%
Q3 2012+0.3%
Q2 2012+4.3%
Q1 2012-1.6%
Q4 2011-0.1%
Q3 2011+0.3%
Q2 2011-0.9%
Q1 2011-1.2%
Q4 2010-0.7%
Q4 2008-0.7%
Q3 2010-0.4%
Q2 2010+0.6%
Q4 2009+0.6%
Q1 2009-1.2%
Q1 2010+0.4%
Q4 2007-2.1%
Q3 2009-3.2%
Q3 2008-3.2%
Q2 2009+0.4%
Q2 2008+0.4%

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