Intel Q3 2021 Revenue: Flat Quarteras Notebook Sales Drop, Data Center Exhibits Average Performance

Intel’s third-quarter earnings are out, and unsurprisingly, the response from investors is largely negative. For the nth consecutive time, the chipmaker reported a predominantly flat quarter. The overall revenue was by just 5% to $18.2 billion, a considerable figure overall, but now much better than what the company was pulling in a decade back. The Client Computing Group (CCG) saw a drop of 2% in yearly revenue while the Data Center Group (DCG) was more stable, exhibiting a growth of 10%

Having a closer look at the numbers, you can see that while the desktop business did quite well, the notebook segment was choked by component shortages. The notebook CPU sales dropped by 5% while desktop SKUs grew by 20%, In terms of the ASPs, the notebook prices grew by 10% while desktop prices remained largely unchanged at 4%. Overall, the CCG remained flat, with a growth of just 2%.

In the Data Center business, Intel performed well, with the YoY revenue growing by 12%. Out of this, the bulk (70%) of the mullah came from Enterprise and Gov. sales while the Cloud SP suffered a loss of 20%. The unit volumes grew by 8% while the ASPs remained flat at 3%.

Intel pulled in a revenue of $18.1 billion in the third quarter of 2021 at a gross margin of 57.8% and an EPS of $1.71. The next quarter forecast indicates a QoQ increase of $0.2 billion, but a YoY drop of 3%. The gross margins are also expected to drop by a rather considerable 6.5% on account of increased competition.

Finally, the FY2021 outlook, once again, is as flat as it gets. You’re looking at a YoY revenue increase of 1%, gross margins of 57% (down 2.4%), and EPS of $5.28.


Computer hardware enthusiast, PC gamer, and almost an engineer. Former co-founder of Techquila (2017-2019), a fairly successful tech outlet. Been working on Hardware Times since 2019, an outlet dedicated to computer hardware and its applications.

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