Intel Corporation - Intel Reports Second Quarter 2020 Financial Results

News Summary:

• Second-quarter revenue of $19.7 billion was up 20 percent year-over-year (YoY). Data-centric revenue* grew 34 percent, accounting for 52 percent of total revenue; PC-centric revenue grew 7 percent YoY.
• Second-quarter GAAP earnings-per-share (EPS) was $1.19, up 29 percent YoY; non-GAAP EPS of $1.23 was up 16 percent.
• Year-to-date, generated $17.3 billion cash from operations and $10.6 billion of free cash flow and paid dividends of $2.8 billion.
• Accelerating 10nm product transition; 7nm product transition delayed versus prior expectations.
• Expecting full-year revenue of $75 billion; GAAP EPS of $4.53 and non-GAAP EPS of $4.85.

Press Release