https://venturebeat.com/2022/04/28/intel-hits-q1-targets-with-revenue-of-18-31b-but-falls-short-on-q2-estimates/ "For the full year, Intel said GAAP revenues will be $76 billion, up 2% from the prior year, with gross margins at 52%, down 6.1 percentage points from a year ago, and earnings per share of $3.60, down 32% from the prior year." Gross margin is only projected to be down by 6% so how many more shares are they giving out to keep employees?
Because they are investing lots into manufacturing and building out fabs?
Intel investing a lot into fabs/manufacturing and also realizing they can't pay 🥜
Yeah, it's just the magnitude of the drop in net income this quarter (non-GAAP dropped by 35%) and the projection for the rest of the year (another 32% drop) that took me by surprise. They have dropped from $1.34 per share to $0.87 per share (non GAAP) and are projecting to be like $0.70 per share next quarter.
Because they are reinvesting heavily
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Could you simplify the question
?? Gross margin is projected to fall by a few pct points in the rest of this year. I want to understand why earnings per share are projected to drop by 32%!! If margins are not declining that much, perhaps the number of shares outstanding is growing significantly? Why is the company diluting the equity of it's shareholders?