Intel Reports Fourth-Quarter and Full-Year 2021 Financial Results

 

We derive a substantial majority of our revenue from platform products, which are our principal products and considered as one product class. We offer platform products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or a multichip package based on Intel architecture. Platform products are used in various form factors across our CCG, DCG, and IOTG operating segments. Our non-platform, or adjacent products, can be combined with platform products to form comprehensive platform solutions to meet customer needs.

Revenue for our reportable and non-reportable operating segments is primarily related to the following product lines:

•      CCG includes platforms designed for end-user form factors, focusing on higher growth segments of 2-in-1, thin-and-light, commercial and gaming, and growing adjacencies such as connectivity and graphics.

•      DCG includes workload-optimized platforms and related products designed for cloud service providers, enterprise and government, and communications service providers market segments. In 2021, the DCG operating segment includes the results of our Intel® Optane™ memory business.

•      IOTG includes high-performance compute solutions for targeted verticals and embedded applications in market segments such as retail, industrial, healthcare, and vision.  

•      Mobileye includes comprehensive solutions required for autonomous driving, including compute platforms, computer vision, and machine learning-based sensing, mapping and localization, driving policy, and active sensors in development, utilized for both Robotaxi and consumer level autonomy.

•      NSG includes memory and storage products like Intel 3D NAND technology, primarily used in SSDs. In 2021, the NSG operating segment no longer includes the results of our Intel Optane memory business.

•      PSG includes programmable semiconductors, primarily FPGAs and structured ASICs, and related products for communications, cloud and enterprise, and embedded market segments.

We have sales and marketing, manufacturing, engineering, finance, and administration groups. Expenses for these groups are generally allocated to the operating segments.

We have an "all other" category that includes revenue, expenses, and charges such as:

•      results of operations from non-reportable segments not otherwise presented;

•      historical results of operations from divested businesses;

•      results of operations of start-up businesses that support our initiatives, including our foundry business;

•      amounts included within restructuring and other charges;

•      a portion of employee benefits, compensation, and other expenses not allocated to the operating segments; and

•      acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill.

 

Intel Corporation

Supplemental Platform Revenue Information

 

 

Q4 2021

 

Q4 2021

 

YTD 2021

 

 

compared to

Q3 2021

 

compared to

Q4 2020

 

compared to

YTD 2020

Client Computing Group

 

 

 

 

 

 

Desktop platform volumes

 

15%

 

7%

 

8%

Desktop platform average selling prices

 

4%

 

11%

 

3%

Notebook platform volumes

 

4%

 

(26)%

 

8%

Notebook platform average selling prices

 

(6)%

 

14%

 

(6)%

Adjacent revenue

 

2%

 

(28)%

 

(29)%

 

 

 

 

 

 

 

Data Center Group

 

 

 

 

 

 

Platform volumes

 

8%

 

17%

 

2%

Platform average selling prices

 

3%

 

4%

 

(4)%

Adjacent revenue

 

15%

 

9%

 

2%

 

 

 

 

Intel Corporation

Explanation of Non-GAAP Measures

In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Certain of these non-GAAP financial measures are used in our performance-based RSUs and our annual cash bonus plan.

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