Book an appointment with Boardroom Media using SetMore
Connect with us

INTEL - Q1 2018 Results


Record first-quarter revenue was $16.1 billion, up 13 percent year-over-year1 on strength of Intel's data-centric* businesses, which accounted for 49 percent of first-quarter revenue.

Intel Reports First-Quarter Financial Results

News Summary:

Record first-quarter revenue was $16.1 billion, up 13 percent year-over-year1 on strength of Intel's data-centric* businesses, which accounted for 49 percent of first-quarter revenue.

Data-centric growth and operating margin leverage boosted earnings-per-share (EPS), which rose 53 percent year-over-year; non-GAAP EPS was up 32 percent year-over-year.

Intel is raising its full-year revenue and earnings outlook based on this strong start; expecting 2018 revenue of $67.5 billion, up $2.5 billion from prior guidance.

SANTA CLARA, Calif., April 26, 2018 -- Intel Corporation today reported first-quarter 2018 financial results.

"Coming off a record 2017, 2018 is off to a strong start. Our PC business continued to execute well and our data-centric businesses grew 25 percent, accounting for nearly half of first-quarter revenue," said Brian Krzanich, Intel CEO. "The strength of Intel’s business underscores my confidence in our strategy and the unrelenting demand for compute performance fueled by the growth of data."

“Compared to the first-quarter expectations we set in January, revenue was higher, operating margins were stronger and EPS was better," said Bob Swan, Intel CFO. "Our data-centric strategy is accelerating Intel’s transformation, and we’re raising our earnings and cash flow expectations for the year."



LINKS

INVESTOR RELATIONS

WEBCAST

GOOGLE FINANCE


COMMENTS

PC WORLD: Intel earnings call reveals strong revenue despite delays in 10nm chips
https://www.pcworld.com/article/3269449/components-processors/intel-earnings-call.html


 

 

REUTERS: Intel soars after brighter forecast for data centers, memory
https://www.reuters.com/article/us-intel-results/intel-results-beat-on-demand-for-data-center-chips-idUSKBN1HX39X
Advertisement