Intel Reports 3Q 2018 Financial Results

cageymaru

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Intel has released the company's 3Q 2018 financial results. The company had a record quarterly revenue of $19.2 billion; up 19% year-over-year (YoY). Data-centric revenue grew 22% and PC-centric revenue grew 16%. Record quarterly GAAP earnings-per-share (EPS) of $1.38 grew 47% YoY. Non-GAAP EPS of $1.40 was up 39%. Year-to-date Intel has generated $22.5 billion in cash from operations, $11.5 billion of free cash flow, and returned $12.6 billion to shareholders. Intel is raising the full-year revenue outlook to $71.2 billion. The Intel presentation can be found here.

"Stronger than expected customer demand across our PC and data-centric businesses continued in the third quarter. This drove record revenue and another raise to our full-year outlook, which is now up more than six billion dollars from our January expectations. We are thrilled that in a highly competitive market, customers continue to choose Intel," said Bob Swan, Intel CFO and Interim CEO. "In the fourth quarter, we remain focused on the challenge of supplying the incredible market demand for Intel products to support our customers' growth. We expect 2018 will be another record year for Intel, and our transformation positions us to win share in an expanded $300 billion total addressable market."
 
lol not even with Ryzen and Epyc was intel hurt in any department even with the disaster and hurry pushed launch of latest products.. was hoping and wishing to see a black or red in the PC-centric market..
 
lol not even with Ryzen and Epyc was intel hurt in any department even with the disaster and hurry pushed launch of latest products.. was hoping and wishing to see a black or red in the PC-centric market..

Given that they managed to stay ahead for years with their god-awful P4 line, this is not impressive at all...
 
lol not even with Ryzen and Epyc was intel hurt in any department even with the disaster and hurry pushed launch of latest products.. was hoping and wishing to see a black or red in the PC-centric market..
Not going to happen. Intel just has too much market share in the cpu biz and has its hands in too many other markets (that it happens to be doing pretty well in) to not be outperforming AMD (by any metric). That said, that doesn't mean amd is doing poorly, either. I'd say they are doing very well–you just don't see the fruits the next day for these things, especially not in your competitor's profits (at least not when they have this much of a hold on the market).
 
MarketWatch said:
Intel Corp. shares walked back healthy gains in the extended session Thursday after the chip giant said it will be another year before chips using its next-generation manufacturing process arrive, and margins will take a hit.

Intel INTC, +4.46% shares surged as much as 6% in after-hours trading after the chip maker raised its outlook for the year and soundly beat Wall Street estimates in its largest business segments. The stock dropped to a loss, though, toward the end of a conference call as Intel executives discussed 10-nanometer chips and their effect on margins, and were last up 1%.
--Sauce

Looks like it'll be a while yet before we see 10nm en masse. AMD still has a window.
 
It's sad that AMD wasn't positioned to share the growth in these markets:
Intel revenue was up 19% year-on-year (y/y), AMDs' was only up 4%.
Even AMD's best performing segment was only up 12% y/y.
And Intel's quarterly net income was close to AMD's annual gross income.
And this is with all of Intel's screw-ups.

So it's hard to believe AMD will ever be a threat to INTC.

Interestingly, Intels' tax rate dropped from 23.8% in 2017 to 10.4% this year.
AMD's tax rate also seems to have: from about 25% in 2017 to 9% this year.
 
lol not even with Ryzen and Epyc was intel hurt in any department even with the disaster and hurry pushed launch of latest products.. was hoping and wishing to see a black or red in the PC-centric market..

It's because Intel is really only about 1/2 into computing now as they have diversified a lot. I can't publicly say what/how but the numbers would surprise you and where ;)
Smart move, they can see the writing on the wall, they can only lead for so long before something better comes along..
 
I'm wondering how the PC centric market grew by 16%, that just doesn't seem to add up with PC OEM sales.
 
Kind of amazing what you can do when you A) stop producing enough CPUs for everyone that wants to buy one because it's too expensive to compete on core count and B) jack up the price because they *have* to be super amazing awesome good, otherwise there would be stock available to buy.
 
I'm wondering how the PC centric market grew by 16%, that just doesn't seem to add up with PC OEM sales.

Intel's portfolio of PC offerings...they range from lowly Atom and Celeron up to i7 and i9 - for both mobile and desktop. Intel has poised themselves to cover every price segment with huge overlaps instead of gaps.
 
so much negativity lol this is great news, cheers to Intel. Can't wait for Apache Pass next year.
 
I'm too lazy to dig in, but how big is Intel's mobile CPU market share? I'd imagine that's what most corporations are buying these days. In my last few jobs, there were no desktops at all. Only laptops (with a 4 year upgrade cycle typical).
 
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