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Intel releases its first-quarter financial results for 2020

Intel posts overall positive earnings for 1Q2020. (Source: Intel)
Intel posts overall positive earnings for 1Q2020. (Source: Intel)
Intel has revealed that it has made US$19.8 billion in revenue for the first 3 months of 2020 (or 1Q2020). This represents a 23% increase year-on-year (YoY). The vast majority of its "key business" divisions (PC-centric and data-center groups included) also saw gains compared to 1Q2019.
Deirdre O Donnell,

Intel has reported that it made US$19.8 billion in terms of revenue for 1Q2020, whereas it amassed just over $16 billion in the same quarter of 2019. The silicon giant posted a relevant net income of $5.7 billion, or 42% more YoY. This allowed it to pay its investors a dividend of $1.31 per share, or 51% more than in 1Q2019.

When broken down into its typical "key business" categories, Intel persisted in exhibiting a good financial quarter. These are categorized as "data-centric" and "PC-centric" divisions (or groups) within the company. All of the former posted YoY gains, with the exception of the internet-of-things (IoT) group (IOTG; -3%).

PC-centric business (which largely consists of the client-computing group (CCG)) was also up YoY, to the tune of 14% in total. Intel referred to this growth as "flat to slightly up" (even though it also "exceeded expectations") - however, any positive change in this industry may be valuable in the current climate.

Intel also outlined its response to the Covid-19 crisis in its latest financial report. It noted that it has pledged a total of US$60 million to the pursuit of community relief and the technological initiative it is planning to combat this pandemic.

In addition, the company has devoted approximately $100 million to the support of its own employees during this time, as well as over $1 million in order to get personal protective equipment (PPE) to healthcare workers. 

An Intel financial performance infographic for 1Q2020. (Source: Intel)
An Intel financial performance infographic for 1Q2020. (Source: Intel)

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 04 > Intel releases its first-quarter financial results for 2020
Deirdre O Donnell, 2020-04-25 (Update: 2020-04-25)
Deirdre O'Donnell
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.