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."
"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."