Is It Finally Time to Buy Intel Stock?

The Motley Fool
The Motley Fool

Today's video focuses on Intel (NASDAQ: INTC) and its most recent earnings, reported on Jan. 26. Intel reported year-over-year (YOY) growth of only 3% for its fourth-quarter revenue, even though the semiconductor market continues to boom. Still, I don't believe it's all bad for the company. Here are some highlights from the video.

  • Non-GAAP revenue for the quarter was $19.5 billion, up low single digits YOY. Regardless, this beat Intel's prior guidance by over $1.2 billion, driven by a solid recovery of its data center market. For the quarter, the data center segment grew over 20% YOY.
  • Intel continues to invest in its plans to become a manufacturing leader. Last week, it introduced plans to build a new facility in Ohio and announced that it is working closely with ASML Holdings (NASDAQ: ASML) to purchase the best manufacturing equipment.
  • For 2022, Intel has a health roadmap of new products. In the first quarter, it has launched its new 12th-generation processors and has also begun to ship Alchemist, its line of discrete graphics products.

Click the video below for my full thoughts and analysis.

*Stock prices used were the premarket prices of Jan. 27, 2022. The video was published on Jan. 27, 2022.

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Jose Najarro owns Advanced Micro Devices and Nvidia. The Motley Fool owns and recommends ASML Holding, Advanced Micro Devices, Intel, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy . Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link , he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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