Intel Corp.

NASDAQ:INTC   3:59:57 PM EDT
49.46
-6.54 (-11.69%)
5:23:51 PM EDT: $49.45 -0.01 (-0.01%)
Other Pre-Announcement

Intel Provides Financial Update And Full-Year Business Outlook

Published: 03/23/2021 22:14 GMT
Intel Corp. (INTC) - Intel Provides Financial Update and Full-year Business Outlook.
Expects Full-year 2021 Non-GAAP Revenue of $72 Billion and Non-GAAP EPS of $4.55.
Expects to Exceed Previously Communicated Q1 2021 Non-GAAP Revenue and EPS Guidance, Driven by Continued Strong Notebook Demand.
For the Full Year, Intel Expects Continued Strong Pc Demand With Double-digit Pc Tam Percentage Growth.
For Full Year, Intel Client Cpu Supply is Also Expected to Be Up Double-digits Year-over-year.
For Full Year, Pc Revenue Will Be Tempered by Industry-wide Shortage of Critical Third-party Components.
Full-year Business Outlook Also Reflects Entity List Uncertainty.
Sees FY2021 Non-GAAP Free Cash Flow of About $10.0 Billion.
Sees FY2021 GAAP Earnings per Share of About $4.00.
Sees FY2021 GAAP & Non-GAAP Full-year Capital Spending of About $19 Billion to $20 Billion.
FY2021 Earnings per Share View $4.77, Revenue View $72.94 Billion -- Refinitiv Ibes Data (analyst estimates).