Intel Reports Fourth-Quarter and Full-Year 2021 Financial Results

 

 

Three Months Ended

 

Twelve Months Ended

(In Millions, Except Per Share Amounts)

 

Dec 25, 2021

 

Dec 26, 2020

 

Dec 25, 2021

 

Dec 26, 2020

GAAP net revenue

 

$     20,528   

 

$     19,978   

 

$     79,024  

 

$     77,867  

NAND memory business

 

          (996)  

 

        (1,115)  

 

       (4,306) 

 

       (4,967) 

Non-GAAP net revenue

 

$     19,532   

 

$     18,863   

 

$     74,718  

 

$     72,900  

 

 

 

 

 

 

 

 

 

GAAP gross margin

 

$     11,009   

 

$     11,348   

 

$     43,815  

 

$     43,612  

Acquisition-related adjustments

 

           335   

 

           310   

 

        1,283  

 

        1,211   

NAND memory business

 

          (518)  

 

          (338)  

 

       (1,995) 

 

       (1,524) 

Non-GAAP gross margin

 

$     10,826   

 

$     11,320   

 

$     43,103  

 

$     43,299  

 

 

 

 

 

 

 

 

 

GAAP gross margin percentage

 

53.6 %

 

56.8 %

 

55.4 %

 

56.0 %

Acquisition-related adjustments

 

1.6 %

 

1.6 %

 

1.6 %

 

1.6 %

NAND memory business

 

0.2 %

 

1.7 %

 

0.6 %

 

1.8 %

Non-GAAP gross margin percentage1

 

55.4 %

 

60.0 %

 

57.7 %

 

59.4 %

 

 

 

 

 

 

 

 

 

GAAP R&D and MG&A

 

$       5,991   

 

$       5,412   

 

$     21,733  

 

$     19,736  

Acquisition-related adjustments

 

            (52)  

 

            (53)  

 

          (209) 

 

          (205) 

NAND memory business

 

          (164)  

 

          (159)  

 

          (626) 

 

          (587) 

Non-GAAP R&D and MG&A

 

$       5,775   

 

$       5,200   

 

$     20,898  

 

$     18,944  

 

 

 

 

 

 

 

 

 

GAAP operating income

 

$       4,989   

 

$       5,884   

 

$     19,456  

 

$     23,678  

Acquisition-related adjustments

 

           387   

 

           363   

 

        1,492  

 

        1,416  

Restructuring and other charges

 

             29   

 

             52   

 

        2,626  

 

           198  

NAND memory business

 

          (354)  

 

          (179)  

 

       (1,369) 

 

          (937) 

Non-GAAP operating income

 

$       5,051   

 

$       6,120   

 

$     22,205  

 

$     24,355  

 

 

 

 

 

 

 

 

 

GAAP operating margin

 

24.3 %

 

29.5 %

 

24.6 %

 

30.4 %

Acquisition-related adjustments

 

1.9 %

 

1.8 %

 

1.9 %

 

1.8 %

Restructuring and other charges

 

0.1 %

 

0.3 %

 

3.3 %

 

0.3 %

NAND memory business

 

(0.5) %

 

0.9 %

 

(0.1) %

 

0.9 %

Non-GAAP operating margin 1

 

25.9 %

 

32.4 %

 

29.7 %

 

33.4 %

 

 

 

 

 

 

 

 

 

GAAP tax rate

 

11.0 %

 

21.8 %

 

8.5 %

 

16.7 %

Income tax effects

 

0.7 %

 

(0.1) %

 

0.6 %

 

(0.1) %

Non-GAAP tax rate

 

11.7 %

 

21.7 %

 

9.1 %

 

16.6 %

 

 

 

 

 

GAAP net income

 

$       4,623   

 

$       5,857   

 

$     19,868  

 

$     20,899  

Acquisition-related adjustments

 

           387   

 

           363   

 

        1,492  

 

        1,416  

Restructuring and other charges

 

             29   

 

             52   

 

        2,626  

 

           198  

(Gains) losses from divestiture

 

             —   

 

             —   

 

             —  

 

             (6) 

Ongoing mark-to-market on marketable equity securities

 

          (216)  

 

             48   

 

           130  

 

           133  

NAND memory business

 

          (354)  

 

          (179)  

 

       (1,369) 

 

          (937) 

Income tax effects

 

            (18)  

 

            (56)  

 

          (391) 

 

          (107) 

Non-GAAP net income

 

$       4,451   

 

$       6,085   

 

$     22,356  

 

$     21,596  

1  Our reconciliations of GAAP to non-GAAP gross margin and operating margin percentage reflect the exclusion of our NAND memory              business from net revenue.

(In Millions, Except Per Share Amounts)

 

Dec 25, 2021

 

Dec 26, 2020

 

Dec 25, 2021

 

Dec 26, 2020

GAAP earnings per share—diluted

 

$         1.13   

 

$         1.42   

 

$        4.86  

 

$        4.94  

Acquisition-related adjustments

 

          0.09   

 

          0.09   

 

          0.36  

 

          0.33  

Restructuring and other charges

 

          0.01   

 

          0.02   

 

          0.65  

 

          0.05  

(Gains) losses from divestiture

 

             —   

 

             —   

 

             —  

 

             —  

Ongoing mark-to-market on marketable equity securities

 

         (0.05)  

 

          0.01   

 

          0.03  

 

          0.03  

NAND memory business

 

         (0.08)  

 

         (0.04)  

 

         (0.33) 

 

         (0.22) 

Income tax effects

 

         (0.01)  

 

         (0.02)  

 

         (0.10) 

 

         (0.03) 

Non-GAAP earnings per share—diluted

 

$         1.09   

 

$         1.48   

 

$        5.47  

 

$        5.10  


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »
Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Editorial
by Sanjay Gangal
MCADCafe Industry Predictions for 2025 – ProShop
Sanjay GangalMCADCafe Editorial
by Sanjay Gangal
MCADCafe Industry Predictions for 2025 – ModuleWorks
Jobs
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
Collaborate North America 2025 at Novi MI - Jan 28, 2025
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025



© 2025 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise