“In 2019, we gained share in an expanded addressable market that demands more performance to process, move and store data…One year into our long-term financial plan, we have outperformed our revenue and EPS expectations. Looking ahead, we are investing to win the technology inflections of the future, play a bigger role in the success of our customers and increase shareholder returns. — Bob Swan, Intel CEO
Intel Corporation reported Q4 and full-year 2019 financial results after the market close.
Earnings per share came in at $1.58., up 40 percent y/y. Revenues posted an 8 percent y/y increase. Analysts expected earnings of $1.24 a share on sales of $19.2 billion. The stock is up 7 percent in after-hours trading.
Highlights:
- Record Fourth-quarter revenue was $20.2 billion, up 8 percent year-over-year (YoY).
- Full-year revenue set an all-time record of $72.0 billion, up 2 percent YoY on data-centric growth
- Delivered outstanding fourth-quarter earnings per share (EPS) of $1.58 ($1.52 on a non-GAAP basis).
- In 2019, Intel generated a record $33.1 billion cash from operations and $16.9 billion of free cash flow, and returned approximately $19.2 billion to shareholders.
- Expecting record 2020 revenue of approximately $73.5 billion and first-quarter revenue of approximately $19.0
billion
Sectors
The Client Computing Group that makes chips for PCs, laptops, and tablets, posted $10.01 billion in revenue, up about 2% year over year.
Revenue from the company’s Data Center Group, which makes chips for computer servers, was up about 19% at $7.21 billion.
Intel’s Non-Volatile Memory Solutions Group offering memory and storage products had $1.22 billion in revenue.
The Internet of Things Group, which makes computing products for industries and embedded systems, fetched $1.16 billion in revenue.
