In this video, I will be going over Intel's (INTC +1.05%) Q4 earnings report and talking about its plans for the next couple of years. You can find the video below, but here are some highlights.
Earnings summary
- For the fourth quarter, Intel reported earnings per share of $1.09, a decrease of 26% year over year, beating its own guidance by $0.19.
- Revenue came in at $19.5 billion, growing 4% year over year (YOY) and beating estimates by $1.2 billion.
- Gross margin was 55.4%, 1.9 percentage points above guidance and down 4.6 percentage points YOY.
- Full-year revenue came in at $74.7 billion, growing 2% YOY and beating estimates by $1.2 billion. Full-year earnings per share (EPS) came in at $5.47, up 7% YOY, beating guidance by $0.19.
- Revenue guidance for Q1 is expected to be $18.3 billion, down 1% YOY, and gross margin 52%, down 6.8 percentage points YOY. This is the result of big investments and ramping up of the 10-nanometer product, which was mentioned in the previous quarter.
- Intel raised dividends by 5%.
- Expect more information on investor day, February 17.
- The CHIPS Act is progressing, and it may affect the size of the new factory in Ohio. Regardless of the outcome, Intel will build one there.
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*Stock prices used were the closing prices of Jan. 26, 2022. The video was published on Jan. 27, 2022.
