Intel (INTC) reported 1st Quarter March 2020 earnings of $1.45 per share on revenue of $19.8 billion. The consensus earnings estimate was $1.28 per share on revenue of $18.8 billion. The Earnings Whisper number was $1.31 per share. Revenue grew 23.5% on a year-over-year basis.
The company said it expects second quarter earnings of approximately $1.10 per share on revenue of approximately $18.50 billion. The current consensus earnings estimate is $1.25 per share on revenue of $18.19 billion for the quarter ending June 30, 2020.
Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.
Intel Reports First-Quarter 2020 Financial Results
SANTA CLARA, Calif., April 23, 2020 -- Intel Corporation today reported first-quarter 2020 financial results.
“Our first-quarter performance is a testament to our team's focus on safeguarding employees, supporting our supply
chain partners and delivering for our customers during this unprecedented challenge,” said Bob Swan, Intel CEO.
“The role technology plays in the world is more essential now than it has ever been, and our opportunity to enrich
lives and enable our customers' success has never been more vital. Guided by our cultural values, competitive
advantages and financial strength, I am confident we will emerge from this situation an even stronger company."
- • First-quarter revenue was $19.8 billion, up 23% year-over-year (YoY). Data-centric revenue* grew 34 percent
and PC-centric revenue grew 14 percent YoY.
- • First-quarter GAAP earnings-per-share (EPS) was $1.31, up 51 percent YoY; non-GAAP EPS of $1.45 was up
- • Generated $6.2 billion cash from operations and $2.9 billion of free cash flow while strengthening liquidity with
$10.3 billion in new debt and suspension of share buybacks.
- • Expecting second-quarter revenue of $18.5 billion; GAAP EPS of $1.04 and non-GAAP EPS of $1.10; not
providing full-year guidance given significant economic uncertainty
For the full press release, please go here.