By Larry Dignan for Between the Lines | July 22, 2021 -- 20:25 GMT (13:25 PDT) | Topic: Hardware
Intel raised its 2021 outlook as PC demand boosted its client computing group sales and Internet of things, enterprise and Mobileye showed strong growth.
The semiconductor giant reported second quarter net income of $5.1 billion, or $1.24 a share, on revenue of $19.6 billion. Intel reported non-GAAP second quarter earnings of $1.28 a share on non-GAAP revenue of $18.5 billion.
For 2021, Intel is projecting GAAP revenue of $77.6 billion and non-GAAP revenue of $73.5 billion with non-GAAP earnings of $4.80 a share. For the third quarter, Intel is projecting revenue of $18.2 billion with earnings of $1.10 a share. Both projections are non-GAAP and ahead of expectations.