Sales down, forecast down, revenue $18.4 billion—down 6.6% YoY. Although Intel reported that its first-quarter results for 2022 were down, it beat Wall Street expectations on revenue and EPS. The company began shipping initial SKUs of its Sapphire Rapids to select customers and launched its Arc A-Series dGPUs and its newest Xeon D processors. The company reorganized its … [Read more...] about Intel Q1 2022 financial results
Mobileye
Intel Q1 2021 results
Q1 revenue $19.7 billion, down 1% YoY, $1.1 billion above expectations. First-quarter revenue exceeded Intel’s January guidance by $1.1 billion, said the company, led by continued strong PC demand. PC unit volumes were up 38% YoY, and notebook volumes set a new Intel record. The company also saw an initial recovery of Enterprise and Government sales in the Data Center … [Read more...] about Intel Q1 2021 results
Intel places $15 billion bet on computer vision
Jerusalem-based Mobileye has emerged as a leader in computer vision for transportation; now it will be part of Intel. Intel and computer vision specialist Mobileye today announced Intel will acquire Mobileye in an all-cash offer for approximately $15.3 billion. An Intel subsidiary will make an offer for all outstanding ordinary shares of Mobileye stock for $63.54 per share in … [Read more...] about Intel places $15 billion bet on computer vision