Intel PC unit sales rose 33% compared to last year, as company beats Q2 expectations

Intel shared its second quarter earnings yesterday (via CNBC). The company saw a 33% increase in PC unit sales, which helped it vanquish its own expectations for the quarter. Intel as well passed the expectations of experts for Q2 2022.

"Our 2d-quarter results show that our momentum is building, our execution is improving, and customers continue to choose us for leadership products," said Intel CEO Pat Gelsinger.

Despite the increase in PC sales and passing expectations, Intel'due south stock dropped past ii% post-obit the report. That drop was probable due to Intel guiding its non-GAAP margins to 55% in Q3 compared to the 59.two% seen in Q2.

Intel also shared highlights from the quarter:

• Announced a $3.5 billion investment to equip Intel's New Mexico operations for the manufacturing of avant-garde semiconductor packaging technologies, including Foveros.
• Launched 12 new processors for client, including 11th Gen Intel Cadre with Intel® Iris Xe graphics and Intel® Xeon W-11000 series processors with more than than 300 designs expected this year.
• Announced partnership with Microsoft including Intel Bridge Technology to evangelize better mobile experiences on Windows-powered PCs.
• Leading deject service providers, including Alibaba, Baidu, Microsoft, and Oracle are offering services based on the latest 3rd Gen Intel Xeon Scalable ("Ice Lake") processors.
• Unveiled the Intel Network Platform and expanded networking leadership product portfolio with new FPGA, software, and Ethernet solutions.
• Announced partnership with Ericsson to expand deject radio access network to increase 5G performance.
• Mobileye and ZF were selected by Toyota Motor Corp to develop advanced driver assistance systems.
• Appear Mobileye every bit the only company holding an autonomous vehicle testing let in New York.
• Appear new organizational changes and welcomed renowned technologists to strengthen execution and innovation in disquisitional business organisation areas.

While low stock and a global chip shortage have affected all PC part manufacturers, demand for PCs continues to be high. People continue to work and written report from abode, raising the demand for computers.

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Source: https://www.windowscentral.com/intel-pc-unit-sales-rose-33-compared-last-year

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