Record Q3 at Intel

Author: EIS Release Date: Oct 28, 2019


Intel had record  Q3 revenue of $19.2 billion – 6% up y-o-y -gross margin was 58.9%, operating income was $6.4 billion and net income was $6 billion, 

The company is expecting record  full year revenue of $71 billion.

The PC business was down 5% at $9.7 billion

The datacentre business was up 4% at $6.4 billion

The IoT business was up 9% at $1 billion

The ADAS business (Mobileye) was up 20% at $229 million

The memory business was up 19%  at $1.3 billion

The programmables business was up 2% at $507 million.

“We’ve been on a multiyear journey to reposition Intel’s portfolio to take advantage of the exponential growth of data,” says CEO Bob Swan, “our third-quarter financial performance underscores our progress as our data-centric businesses turned in their best performance ever, making up almost half our total revenue in a record quarter. Our priorities are accelerating growth, improving our execution and deploying capital for attractive returns. We now expect to deliver a fourth record year in a row.”