NASDAQ$INTC

Intel · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record quarterly and full-year revenue, exceeding expectations.

Intel reported strong Q4 2021 financial results, with GAAP revenue of $20.5 billion, exceeding guidance by $1.3 billion and up 3% year-over-year. GAAP EPS was $1.13, exceeding guidance by 35 cents. The company forecasts Q1 2022 revenue of approximately $18.3 billion and EPS of $0.70 (non-GAAP EPS of $0.80).

  • Q4 GAAP revenue was $20.5 billion, exceeding October guidance by $1.3 billion and up 3 percent year-over-year (YoY).
  • Full-year GAAP revenue set an all-time Intel record of $79.0 billion, up 1 percent YoY.
  • Delivered GAAP fourth-quarter earnings per share (EPS) of $1.13, exceeding October guidance by 35 cents.
  • In 2021, Intel generated $30.0 billion of cash from operations and $11.3 billion of free cash flow (FCF).

Headline financials

Total Revenue

$20.5B

Previous: $20B+2.8%
EPS (adj)

$1.09

Previous: $1.52-28.3%
Non-GAAP Gross Margin

55.4%

No prior period
Non-GAAP Operating Margin

25.9%

No prior period
Tax Rate

11.0%

No prior period
Capital Expenditures

$7.15B

Previous: $3.87B+85.0%
Free Cash Flow

$11.3B

Previous: $21.1B-46.7%
Net Income

$4.62B

Previous: $5.86B-21.1%
Operating Income

$4.99B

Previous: $5.88B-15.2%
Gross Profit

$11B

Previous: $11.3B-3.0%
Cash & Equivalents

$4.83B

Previous: $5.87B-17.7%
Total Assets

$168B

Previous: $153B+10.0%
Stock-Based Comp

$449M

Previous: $461M-2.6%

Revenue & EPS history

Intel · Revenue · Quarterly

$20.5B

Q4 2021+2.8%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Intel · $10.3B total across 2 segments · Q4 2021

  • Client Computing
    $10.1B-7.4%
  • All Other
    $195M-7.6%

Forward guidance

Intel's guidance for the first quarter includes both GAAP and non-GAAP estimates with revenue approximately $18.3 billion and EPS $0.70 (GAAP) and $0.80 (Non-GAAP).

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 Q4 2021

Historical avgQ4 2021

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro