DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
July 17, 2018 
Main Menu
News archives

Who's Online
There are currently 195 people online.


Latest Reviews
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller

Follow us

Intel pulls in record $14.8 billion in first-quarter revenue

Posted on Thursday, April 27 2017 @ 23:27:42 CEST by

INTC logo
Earnings season is back in full swing and the first of the big hardware makers to announce their figures is Intel. The chip giant reports record first quarter revenue of $14.8 billion, up 8 percent year-over-year, and GAAP net income of $3.0 billion, up 45 percent versus the year before.

On an adjusted basis, Intel saw net income swell 22 percent to $3.2 billion, resulting in earnings per share of 66 cents, an increase of 22 percent versus Q1 2016. The earnings figure is 1 cent better than what analysts had expected while revenue was largely in-line with expectations.

Intel is also more optimistic about the future as the company raised its full-year revenue outlook by $500 million to $60 billion and its earnings per share guidance was raised by 5 cents to $2.85.

Despite the earnings beat and the better outlook, Intel shares are down 3.95 percent to $35.95 in after-hours trading. Part of the reason for this seem to be the weaker-than-expected sales of the data center group.
- Intel Corporation today reported first-quarter revenue of $14.8 billion, up 8 percent year-over-year on a GAAP basis and 7 percent on a non-GAAP basis. Operating income was $3.6 billion, up 40 percent year-over-year, and non-GAAP operating income was $3.9 billion, up 20 percent. EPS was 61 cents, up 45 percent year-over-year, and non-GAAP EPS was 66 cents, up 22 percent.

The company also generated approximately $3.9 billion in cash from operations, paid dividends of $1.2 billion, and used $1.2 billion to repurchase 35 million shares of stock. Intel’s board of directors has approved a $10 billion increase to Intel’s share buyback program, which brings the amount currently available for future buybacks to approximately $15 billion.

“The first quarter was another record quarter, coming off a record 2016. We continued to grow our company, shipped our disruptive new Optane memory technology, and positioned Intel to lead in new areas like artificial intelligence and autonomous driving,” said Brian Krzanich, Intel CEO. “The ASP strength we saw across nearly every segment of the business demonstrates continued demand for high-performance computing, which will only increase with the explosion of data.”

Q1 Key Business Unit Results and Trends Year-over-Year*
  • Client Computing Group revenue of $8.0 billion, up 6 percent
  • Data Center Group revenue of $4.2 billion, up 6 percent
  • Internet of Things Group revenue of $721 million, up 11 percent
  • Non-Volatile Memory Solutions Group revenue of $866 million, up 55 percent
  • Intel Security Group revenue of $534 million, down 1 percent
  • Programmable Solutions Group revenue of $425 million, up 18 percent**

    “In the first quarter, we achieved growth across the business and increased capital returns with a five percent dividend raise while investing for future growth,” said Bob Swan, Intel CFO. “We’re off to a good start and raised our outlook for the year as we also look to further improve Intel’s operating efficiency.

    * The first quarter of 2016 had 14 weeks of business versus the typical 13 weeks.
    ** PSG revenue decreased 7% year-on-year after adjusting for a $99M deferred revenue write-down in Q1, 2016.



    DV Hardware - Privacy statement
    All logos and trademarks are property of their respective owner.
    The comments are property of their posters, all the rest © 2002-2018 DM Media Group bvba