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Intel Corporation 2200 Mission College Blvd. Santa Clara , CA 95054-1549 intel . ■ News Summary Second - quarter GAAP revenue of $ 19.6 billion , flat year over year ( YoY ) , and non - GAAP revenue of $ 18.5 billion , up 2 % YOY , which exceeded April guidance by $ 700 million . Second - quarter GAAP earnings - per - share ( EPS ) was $ 1.24 ; non - GAAP EPS was $ 1.28 , which exceeded April guidance by $ 0.23 . Exceeded Q2 guidance for revenue , EPS , and gross margin ; record Q2 revenue in PC and Mobileye businesses . ■ ■ Intel Reports Second - Quarter 2021 Financial Results 1 News Release Raising full - year 2021 guidance . Now expecting GAAP revenue of $ 77.6 billion and non - GAAP revenue of $ 73.5 billion ; GAAP EPS of $ 4.09 and non - GAAP EPS of $ 4.80.¹ SANTA CLARA , Calif . , July 22 , 2021 -- Intel Corporation today reported second - quarter 2021 financial results . " There's never been a more exciting time to be in the semiconductor industry . The digitization of everything continues to accelerate , creating a vast growth opportunity for us and our customers across core and emerging business areas . With our scale and renewed focus on both innovation and execution , we are uniquely positioned to capitalize on this opportunity , which I believe is merely the beginning of what will be a decade of sustained growth across the industry , " said Pat Gelsinger , Intel CEO . " Our second - quarter results show that our momentum is building , our execution is improving , and customers continue to choose us for leadership products . " Q2 2021 Financial Highlights Q2 2021 $ 19.6 57.1 % $ 5.3 28.3 % 11.9 % $ 5.1 $ 1.24 GAAP Q2 2020 $ 19.7 53.3 % $ 4.8 28.9 % 14.0 % $ 5.1 $ 1.19 vs. Q2 2020 flat Revenue ( $ B ) Gross Margin up 3.8 ppt R & D and MG & A ( $ B ) up 11 % down 0.6 ppt Operating Margin Tax Rate down 2.1 ppt Net Income ( $ B ) Earnings Per Share down 1 % up 4 % In the second quarter , the company generated $ 8.7 billion in cash from operations and paid dividends of $ 1.4 billion . Q2 2021 $ 18.5 59.2 % $ 5.1 31.6 % 11.9 % $ 5.2 $ 1.28 Non - GAAP Q2 2020 vs. Q2 2020 up 2 % up 2.9 ppt up 11 % up 0.6 ppt down 2.3 ppt up 6 % up 12 % $ 18.2 56.3 % $ 4.6 31.0 % 14.1 % $ 4.9 $ 1.14 Non - GAAP results and business outlook exclude the NAND memory business , which is subject to a pending divestiture . Year - over - year Non GAAP comparisons also exclude NAND from 2020 results . Full reconciliations between GAAP and non - GAAP measures are provided below .