Intel's financial results continue to keep investors in suspense regarding the future prospects of the developer. Fortunately for the chip manufacturer, the shortage in the chip market persists, because in a "normal" situation, it continued to lose its share in favor of more efficient competitors.
The company's revenue in the second quarter increased by 2% y/y due to the ”success" of the Client Computing Group-the direction that is responsible for computing power solutions. While the data center segment suffered significantly due to good sales of AMD's 7-nm Eypc 3: revenue decreased by 9% y/y, to 66.5 billion, and operating profit by 37%, to $1.9 billion. It is quite obvious that AMD managed to beat Intel: over the same period, the revenue of the newcomer firm increased by 87%. At the same time, analysts predict a doubling of AMD's market share to 25% already in 2022.
The forecasts of Intel representatives themselves are quite pessimistic: in the third quarter, revenue should slightly decrease compared to last year's values to $18.2 billion. If earlier the amount of income for 2021 was expected in the range of $72.5-72.84 billion, now it is near $73.5 billion. The nuance is that in the second quarter, the company managed to ”surprise" investors and demonstrate a result of $0.7 billion more. And this figure alone was enough to increase the forecast values to $73.54 billion, which means that the figures in the following quarters will continue to disappoint market participants.