Intel reports record revenue for 2021 led by Data Center Group growth
A strong final quarter by Intel’s Data Center Group capped off a record-breaking year for the company.
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What you need to know
Intel just reporteda strong performance in Q4 2021 and across the entirety of last year. The company brought in $79 billion in GAAP revenue in 2021, which was an all-time record for Intel. That strong year was capped off by a fourth quarter that saw $20.5 billion in GAAP revenue.
“Q4 represented a great finish to a great year. We exceeded top-line quarterly guidance by over $1 billion and delivered the best quarterly and full-year revenue in the company’s history,” said Intel CEO Pat Gelsinger. “Our disciplined focus on execution across technology development, manufacturing, and our traditional and emerging businesses is reflected in our results. We remain committed to driving long-term, sustainable growth as we relentlessly execute our IDM 2.0 strategy.”
Intel’s strong fourth quarter of 2021 was led by a record quarter from its Data Center Group. That group brought in $7.3 billion in Q4 2022, which was an increase of 20% year-over-year. Intel’s Client Computing Group earned $10.1 billion in revenue during Q4 2021, which was a decrease of 7% year-over-year.
Intel launched its12th Gen family of processorsin 2021. The company also returned to the discrete graphics space by shipping itsIntel Arc graphicsproducts to OEMs, though those graphics shouldn’t reach consumer products until some point in the future.
Intel also took major steps as part of itsIDM 2.0 strategyin 2021. The company announced plans fortwo new chip factories in Ohiothat could see up to $100 billion of investment over the next ten years. Construction of anew chip factories in Arizonaalso started last year.
Intel Forecasts that it will earn approximately $18.3 billion in the first quarter of 2022. The company also announced a five percent increase to quarterly cash dividends.
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Sean Endicott is a tech journalist at Windows Central, specializing in Windows, Microsoft software, AI, and PCs. He’s covered major launches, from Windows 10 and 11 to the rise of AI tools like ChatGPT. Sean’s journey began with the Lumia 740, leading to strong ties with app developers. Outside writing, he coaches American football, utilizing Microsoft services to manage his team. He studied broadcast journalism at Nottingham Trent University and is active on X @SeanEndicott_ and Threads @sean_endicott_.
