Intel’s Q1 earnings report, PC shipments up 38%

Recently, Intel announced its financial report for the first quarter of 2021. The financial report shows that according to the US General Accounting Principles (GAAP), the revenue for the quarter was about 19.7 billion US dollars, a year-on-year decrease of 1%, and the gross profit margin was 55.2%, a year-on-year decrease of 5. 4%, with a net profit of $3.4 billion, down 41% year-on-year.

Intel said first-quarter revenue beat estimates by $1.1 billion, largely due to a surge in PC product shipments, up 38 percent year-over-year, while notebook chip shipments hit a new high, with shipments up 54 percent year-over-year.

According to the financial report, the Client Computing Group (CCG) revenue was $10.6 billion, an increase of 8% year-on-year, the Data Center Group (“DCG”) revenue was $5.6 billion, a year-on-year decline of 20%, and the Internet of Things Group (“IOTG”) Revenues from Mobieye’s autonomous driving chip business were $914 million and $377 million, respectively.

According to Intel’s forecast, in the second quarter of this year, according to the US GAAP, the estimated revenue is 18.9 billion US dollars, which can reach a gross profit margin of 55%, and the 2021 fiscal year revenue is 77 billion US dollars, with a gross profit margin of 54.5 %.

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Recently, Intel announced its financial report for the first quarter of 2021. The financial report shows that according to the US General Accounting Principles (GAAP), the revenue for the quarter was about 19.7 billion US dollars, a year-on-year decrease of 1%, and the gross profit margin was 55.2%, a year-on-year decrease of 5. 4%, with…