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Intel Q2 2022 'disastrous' as AMD keeps kicking their ass, big time

Intel Q2 2022 missed expectations by a long shot, with analyst Patrick Moorhead reminding Intel: 'Sapphire Rapids is a year late'.

Published Jul 29, 2022 6:28 PM CDT   |   Updated Mon, Aug 22 2022 8:46 AM CDT
1 minute & 55 seconds read time

Intel recently posted its Q2 2022 results and in the words of MarketWatch "investors try to parse through the wreckage of its disastrous second quarter".

Intel Q2 2022 'disastrous' as AMD keeps kicking their ass, big time 01

AMD has been doing some serious damage to Intel's data center market share, where Intel missed $1.6 billion in revenue from its very, very important data center business. The reason? Intel is blaming the "macroeconomic environment" and some "internal execution" issues... execution issues that we've been hearing a lot about lately.

Intel CEO Pat Gelsinger said during the call: "We were well into the quarter and we saw the market characteristics change quite suddenly. We wanted to be in a position that we had a thoughtful view of what the market was for the future".

Pat Moorhead, principal analyst at Moor Insights and Strategy said: "Sapphire Rapids is a year late".

Gelsinger continued: "Many of these products were well underway when we showed up. As we said, the culture of execution needs to be rebuilt and we are working heavily to rebuild the culture of this team".

Moorhead agreed that Gelsinger did inherit the current Intel roadmap from Intel's previous CEO, as well as many leaky holes inside of the Intel ship. I was only just reporting from Moore's Law is Dead that the Intel graphics department is pretty much acting rogue, so maybe we're about to see big change across the company.

Moorhead continued: "I think AMD is going to have a very good earnings related to their data center... because it is the first time I have really heard Intel talk first order about competitive pressure".

In closing, Gelsinger added: "We're not satisfied with the quarter and financial results that we gave you today. We deserve some tough questions this quarter".

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NEWS SOURCE:marketwatch.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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