Intel Financials

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The chart shows 12 months of data as of April 2023.
For Amazon shows the costs of technology and content (not R&D).
ByteDance statistics date back to 2021 (according to the Wall Street Journal)

2022

Sales cut by 20% to $63.1 billion

On January 26, 2023, Intel announced its financial performance. Sales at the end of 2022 decreased by 20%, which is why the value of the corporation per day collapsed by about $8 billion.

In 2022, Intel's revenue, calculated in accordance with generally recognized accounting principles (GAAP), amounted to approximately $63.1 billion. For comparison: in 2021, the corporation received $79 billion. Net profit was at the level of $8 billion against $19.9 billion in 2021: according to this indicator, a drop of 60% was recorded.

Intel revenue in 2022 sank 20%

In the Client Computing division, which is responsible for products for the consumer market, sales in 2022 amounted to about $31.7 billion. For comparison: a year earlier, revenue reached $41.1 billion. At the same time, in the segment of solutions for desktop computers, sales fell from $12.4 billion in 2021 to $10.7 billion in 2022, and in the segment of laptops - from $25.4 billion to $18.8 billion. All other decisions of the Client Computing group brought in $2.3 billion in 2022 against $3.2 billion in 2021.

The and division Data Center , AI which develops solutions for data centers and artificial intelligence systems, showed revenue in 2022 in the amount of $19.2 billion against $22.7 billion in 2021. In the Network and Edge group, which is responsible for network products and peripheral computing, sales, on the contrary, increased: if in 2021 they amounted to $8 billion, then in 2022 - $8.9 billion. A unit Mobileye specializing in the creation of advanced driver assistance systems to reduce the danger of a collision received revenue of $1.9 billion. In 2021, sales of this department amounted to $1.4 billion. Intel Foundry Service's contract chip business brought in approximately $895 million in 2022 against $786 million a year earlier.^[1]

Share of business revenues in China - 27%

Share of U.S. chip supplier revenue from China business

2021

Samsung Electronics bypasses Intel in semiconductor revenue

In the second quarter of 2021, Samsung Electronics overtook Intel as the largest chip manufacturer in terms of revenue and is expected to retain this title in the near future.

In April-June, a South Korean technology company received 22.74 trillion won, equivalent to $19.7 billion, as income from semiconductor production.

Intel's total revenue was $19.6 billion - or $18.5 billion after^[2] deduction^[3].

Intel has held the top spot in sales for much of the past Samsung three decades, trailing it in 2017 and 2018 as chip sales boomed.

2020: Revenue record update for 5th consecutive year

Intel is updating its record for revenue for the 5th consecutive year. In 2020, the company's sales amounted to $77.87 billion, which is 8% more than a year earlier.

More than half of the turnover fell on the computer processor division: Client Computing Group's revenue in 2020 reached $40.06 billion, an increase of 8% compared to 2019.

In the server direction (Data Center Group), annual revenues rose by 11%, to $26.1 billion. Piece deliveries of chips for servers increased by 11%, but the average sales value of such products sank by 3%. An increase of 23% was registered in the Non-Volatile Memory Solutions Group division, and revenue here in 2020 amounted to $5.36 billion.

Intel Updates Revenue Record for 5th Consecutive Year

In the structures of the Programmable Solutions Group and responsible Internet of Things for programmable chips and solutions for Internet things, respectively, decreased by 21% and 7%, amounting to $3.97 billion and $1.85 billion. The Intel-controlled technology developer for self-driving cars Mobileye in 2020 increased sales to $967 million from $879 million in 2019.

Intel's net profit in 2020 decreased to $20.9 billion from $21.05 billion. At Client Computing Group, profit for the year remained practically unchanged at about $15.13 billion. In the server division, profit on an annualized basis increased from $10.23 billion to $10.57 billion. The Non-Volatile Memory Solutions Group division broke even: if in 2019 the losses here amounted to $1.18 billion, then a year later a profit was recorded at $361 million.

It also follows from the financial report that in 2020 Intel paid a dividend of $5.6 billion and repurchased shares in the amount of $14.2 billion. Free cash flow reached $21.1 billion.

Among the notable events of 2020, Intel included the company's entry into the discrete graphics market, the availability of more than 150 systems powered by 11th generation Intel Core processors and the supply of Habana Gaudi AI processors from Amazon.^[4]

2019

Among the largest companies in the semiconductor industry by revenue

Крупнейшие компании в индустрии semiconductors by revenue in 2019

Revenue growth by 2% to $71.97 billion, net profit unchanged - $21.05 billion

Intel's revenue in 2019 turned out to be the highest in the history of the company - $71.97 billion, which is 2% higher than a year ago. The company considers the server business to be the main driver of revenue growth.

The corresponding division of the Intel Data Center Group at the end of 2019 recorded a turnover of $23.48 billion against $22.99 billion a year earlier.

Intel Financials

In the direction of the production of processors for personal computers (Client Computing Group), annual revenue rose from $37 billion to $37.15 billion. This jump, although small, Intel associates with an increase in the supply of desktop chips and modems. The press release mentions the successful announcement of the 10nm Ice Lake mobile processors, on the basis of which 44 laptop models will be created.

Intel's IoT projects business ended 2019 with revenue of $4.7 billion. This is less than a year earlier, when sales were measured at $4.15 billion.

In the division that oversees the creation of products based on Non-volatile Memory Solutions Group, revenues in 2019 amounted to $4.36 billion, slightly rising compared to 2018.

The Programmable Solutions Group, created on the basis of the acquired  company Altera, received $1.99 billion, which does not reach the value of $2.12 billion a year ago.

Net profit in 2019 remained practically unchanged at $21.05 billion. Profits in the server business fell from $11.48 billion in 2018 to $10.23 billion a year later.

In the structure of the Client Computing Group, profit was equal to $15.2 billion, which is more than in 2018 ($14.22 billion). The Non-Volatile Memory Solutions Group unit received a loss of 1.18 billion, and the Programmable Solutions Group structure received a profit of $318 million.^[5]

Among the 20 most profitable companies in the world

The 20 most profitable companies in the world. Earnings per day, 2019

2019

2018: Revenue growth 13% to $70.85 billion

In 2018, Intel recorded the highest revenue in its history - $70.85 billion. This is 13% more than the previous year. Chipmaker sales turn out to be a record for the third year in a row.

The Intel Client Computing Group, in which the company develops and sells processors for personal computers, received revenue of $37 billion in 2018 against $34 billion in 2017.

Intel revenue turned out to be a record again

In the server business (Data Center Group segment), revenues during this time rose from $19.06 billion to $22.99 billion (an increase of 21%). In the division specializing in Internet of Things projects, revenue in 2018 turned out to be $3.46 billion, and a year earlier it was at the level of $3.17 billion.

In the Non-volatile Memory Solutions Group product division, revenues also increased - from $3.52 billion in 2017 to $4.31 billion a year later. Finally, the Programmable Solutions Group, created on the basis of the acquired company Altera, received $2.12 billion in turnover for 2018. In 2017, the financial indicator was measured at $1.9 billion.

Intel's net profit in 2018 amounted to $21.05 billion, and in 2017 - $9.6 billion.

Profit in the computer division on an annualized basis increased from $12.9 billion to $14.2 billion, and in the north - from $8.4 billion to $11.48 billion. Profits in the Internet of Things Group and Programmable Solutions Group reached $980 million and $466 million, respectively, and Non-Volatile Memory Solutions Group had equal losses of $5 million.

It also follows from the report that in 2018, shipments of Intel processors for laptops increased by 4%, and the average price for them increased by 3%. In the segment of desktops, chip shipments fell by 6%, although the average cost of such products jumped by 11%. The company's server processor production increased by 13% with a 7 percent increase in prices.^[6]

2017: Record revenue of $62.8 billion thanks to server business

In 2017, Intel received a record revenue of $62.8 billion, which is 6% more than a year ago. The financial rise of the American corporation was largely due to the surge in sales of server solutions.

At the same time, Intel's annual net profit decreased by 7% (to $9.6 billion) due to one-time costs associated with tax reform in the United States. Intel CFO Bob Swan assured that the incident with the discovery of vulnerabilities in many processors "did not have a significant impact" on the company's revenues.

Intel Revenue and Profit

At the end of 2017, the Intel Data Center Group, which is responsible for the release of server solutions, recorded revenue of $19.1 billion, which is 11% higher than in 2016.

Revenue in the Intel Internet of Things Group, which specializes in the development and sale of embedded solutions, reached a record $3.2 billion, an increase of 20% on an annualized basis.

The largest growth was in the Non-volatile Memory Solutions Group. Here, revenue jumped 37% to $3.5 billion, helped by the launch of the Intel Optane SSD DC P4800X series for data centers.

The volume of the computer business, for which the Intel Client Computing Group is responsible, reached about $34 billion in 2017, surpassing 2016 revenues by 3%.

Intel has increased shipments of processors for laptops by 5%, while their average cost for the year increased by 2%. In the desktop market, Intel chip shipments decreased by 5%, and the average price tag remained practically unchanged. The release of server processors increased by 5%, and the average sales value - by 4%.

After the publication of the financial statements, Intel quotes rose by almost 4% during electronic trading after the exchange closed on January 25, 2018.^[7]

2016: Record revenue of $59.4 billion from sales of data center and IoT solutions

On January 26, 2017, Intel presented its financial results for the past year. The revenue of the American microprocessor manufacturer was a record thanks to the growing sales of solutions for data centers and the Internet of Things.

According to data released by Intel, in 2016, the company's sales amounted to $59.4 billion, an increase of 7% compared to 2015. At the same time, net profit decreased by 10% to $10.3 billion.

In 2016, we took important steps to accelerate the implementation of our strategy and refocus resources, as well as launching great new products, successfully joining Altera and investing in the development of growth opportunities. I am pleased with our 2016 results and confident in our future, "said Intel CEO Brian Krzanich, quoted in a press release.

Intel Gets Record Revenue with Data Center and IoT Solutions

It follows from Intel's financial report that in 2016, revenue at the Intel Data Center Group, which is responsible for the release of server solutions, reached $17.2 billion, an increase of 8% compared to the previous year.

The Intel Client Computing Group (the main specialization is the development and sale of chips for computers) ended the reporting year with a 2 percent increase in turnover to $32.9 billion.

Intel has cut shipments of processors for laptops by 1%, while their average cost for the year increased by 2%. In the desktop market, Intel chip shipments decreased by 6%, and the average price tag rose by 2%.

Revenue in the Intel Internet of Things Group, which specializes in the development and sale of embedded solutions, reached a record $2.6 billion, an increase of 15% compared to a year ago.

In the Intel Security Group division (created on the basis of the antivirus manufacturer McAfee), annual revenues increased by 9% to $2.2 billion.^[8]

2015: Revenue crash in PC chip markets

On January 14, 2016, Intel released its 2015 financial statement. The company's revenue fell even as its server business posted record revenue.

According to the released data, Intel's net profit in 2015 amounted to $11.4 billion, which is 2% less than a year earlier. Revenue for this period decreased by 1% - to $55.4 billion from $55.9 billion.

In 2015, Intel's revenue fell even as the company's server business posted record revenue

Our 2015 results show that Intel is evolving and our strategy is working. This year, we will continue to stimulate business growth by strengthening infrastructure for the network and increasingly smart technology market, said Brian Krzanich, CEO of the American company.

Following the release of its financial statement, Intel shares fell nearly 5% in value during an extended session on the Nasdaq exchange on Thursday, January 14. In 2015, the corporation's quotes decreased by 10%, which is largely due to a drop in demand for computers.  

2015, the Intel Client Computing Group, which is responsible for, among other things, the production of processors for PCs, ended with an 8 percent drop in revenue to $32.2 billion. The company cut shipments of laptop chips by 9%, with the average cost for the year rising by 2%. In the desktop market, Intel chip shipments fell 16%, and the average price tag rose 6%.

Intel's failures in the computer business contrast with those in the server business. The corresponding division - Intel Data Center Group - raised about $16 billion in 2015, which has never happened. Compared to 2014, revenues in the server business rose by 11%.

Also a record year in 2015 was revenue in the Intel Internet of Things Group division, specializing in the development and sale of embedded solutions. $2.3 billion was recorded here, which is 7% more than a year earlier. The volume of Intel's software business in 2015 decreased by 2% and reached $2.2 billion.^[9]

2014: Revenue growth of 6%, profit of 22% driven by server chip sales

On January 16, 2015, Intel released its 2014 financial statement. The revenue of the American corporation increased by 6%, profit - by 22%. In this climb, much merit belongs to server chips.^[10]

Intel ended 2014 with sales of $55.9 billion against $52.7 billion a year earlier. Net income increased from $9.6 billion, or $1.89 per share, to $11.7 billion, or $2.31 per chip maker security.

In 2014, the company's operating profit grew by 25% on an annualized basis, reaching $15.3 billion. The profit rate was 63.7%, while in 2013 this figure was measured at 59.8%.

Intel's main source of revenue remains processors for personal computers, which the company develops and sells through the PC Client Group division. In 2014, it received revenue of $34.7 billion, which, relative to the value of a year ago, grew by 4%. The operating profit of this structure increased from $11.8 billion in 2013 to $14.6 billion a year later.

Server chips help Intel boost profits by 22%

One of the fastest growing divisions of Intel is the Data Center Group, which oversees the release of server processors. In 2014, this group increased sales by 18% to $14.4 billion. According to the results of the fourth quarter, revenue completely jumped by 25%, amounting to almost $4.1 billion.

Drexel Hamilton analyst Rick Whittington called the results shown by Intel's server business "impressive." According to expert Roger Kay of Endpoint Technologies Associates, Intel makes good money from cloud service providers who spare no money on expensive chips for their powerful systems.^[11]

In the mobile market, Intel is doing much worse, although the company was able to exceed the plan for the supply of processors for tablet computers, releasing 46 million units in 2014 instead of the target 40 million. However, the Mobile and Communications Group division responsible for the development of chips for gadgets recorded an increase in already large operating losses - from $3.1 billion in 2013 to $4.2 billion in 2014. Revenue in this group decreased almost 7 times to $202 million.

2013: Revenue $52.7 billion, earnings $12.3 billion

Annual revenue amounted to $52.7 billion, operating profit - $12.3 billion, net profit - $9.6 billion and profit per share - $1.89. As a result of operations, the corporation formed income of about $20.9 billion, paid dividends in the amount of $4.5 billion and spent $2.1 billion on the redemption of 94 million of its shares.

Key Information and Business Unit Results for 2013

• PC Client Group revenue: $33 billion (4% less than 2012)
• Data Center Group revenue: $11.2 billion (7% higher than 2012)
• Revenue from other areas related to Intel architecture: 4.1 billion (7% lower than in 2012).

Intel's assessment does not take into account the effects of mergers, acquisitions, capital actions and other transactions that may be completed after January 16, 2014.

• Revenue: At about the same level.
• Gross margin: At 60% plus or minus a few percentage points.
• Expenses (research and development, marketing and management): about $18.6 billion.
• Amortization due to acquisition of intangible assets: about $300 million.
• Depreciation deductions: about $7.4 billion.
• Tax rate: About 27%.
• Capital expenditures for the year: $11 billion plus or minus $500 million.

2012

Year-end: Lower revenue and profit as smartphone chips fail

Revenue and profit Intel declined in 2012 largely due to falling demand for personal computers, as well as the fact that the company has so far been unable to seriously declare itself in the rapidly growing market smartphones and tablets. The profitable segment, however, was the solutions segment for. data centers

In 2012, the world's largest chipmaker earned $53.3 billion, which is 1.2% less than in 2011, and the company's net profit amounted to $11 billion, which is 15% less than a year earlier. Separately, in the fourth quarter of 2012, Intel's revenue failed by 3%, and net profit - by 26% in annual comparison.

The direction of the sale of chips for PCs as a whole in 2012, which accounts for about half of Intel's business, in 2012 showed a decrease in revenue by 3%. In the tablet processor market, Intel is also under severe pressure from competing component manufacturers, primarily ARM.

Record results showed only the direction of solutions for data centers: here sales increased by 6% in 2012 to $10.7 billion, there is a serious demand for chips for server solutions.

Paul Otellini, President and CEO of Intel, commenting on the year, stated the following:

"We made significant business progress in 2012 as we took the first step in the smartphone and tablet market, as well as working with partners to revitalize the PC market, as well as investing in innovative solutions in the data center market."

In 2013, Intel expects sales growth, which will be expressed in single-digit digital interest.

Q2: Revenue growth, profit drop

The world's largest chipmaker, Intel Corporation, was forced to recognize the unsatisfactory financial results of the second quarter of 2012, attributing its failures to a slowdown in macroeconomic growth. The company's net income in the second quarter of 2012 reached $2.83 billion or $0.54 per share. This is 4.3% lower than in the same period a year earlier, as growth in operating expenses outstripped revenue growth.

In general, the company's revenue in the reporting period increased by 3.6% to $13.5 billion, analysts expected revenue at $13.54 billion. According to forecasts of Intel itself, in the third quarter of 2012 its revenue will range from $13.8 billion to $14.8 billion, the average forecast value is $14.3 billion, while analysts call the figure $14.6 billion. "Our growth will be slower than expected due to the difficult macroeconomic situation," admitted the head of the corporation, Paul Otellini.

Intel chips are currently present in about 80% of personal computers and also occupy a significant share in the server market. However, user demand for these devices and, as a result, related components, is recovering very slowly in the world's largest computer markets - in North America and Western Europe. Growth has slowed in emerging markets such as China and Brazil, the top manager noted.

In general, in 2012, according to Intel forecasts, the company's sales will grow by 3-5%, and not by a "higher figure," as previously expected. Still, analyst Doug Freedman of RBC Capital Markets said Wall Street is still bullish on Intel. True, after the publication of financial results for the second quarter, Intel shares fell in price by $0.08 to $25.3, however, during the regular session they rose in price by 1% to $25.38.

Since the situation in the PC market remains very ambiguous, Intel is striving to gain a foothold in the rapidly growing market smartphones and tablets, the first smartphones with Intel chips should appear in,, and China. France India Intel is also betting on the release of Windows 8 in the fall of 2012, as you know, this OS will work on both desktops and mobile computers. According to Otellini, about 20 smartphone models under control are currently in development based on Intel chips. Windows 8

In the PC market, Intel's saving step is to launch ultrabooks, thin laptops. The corporation launched the main marketing company this year in support of a new type of device. Ultrabooks are still quite expensive, but according to Otellini, in the fall of 2012 their price may drop to $699.

Q1: Drop in revenue and profit

Profit Intel in the first quarter of 2012 decreased by 13% to $2.74 billion or 53 cents per share - revenues turned out to be very moderate, and research expenses marketing increased. Analysts polled by FactSet estimated earnings at 50 cents per share. Revenues fell to $12.9 billion, analysts expected $12.8 billion. Last year, Intel acquired information security McAfee Infineon, a solutions company and wireless business. The transactions contributed to the yield indicators, but it was leveled for a week by the shorter first quarter of 2012.

A new generation of Intel server processors was released in the first quarter, but the most important premieres of this year are yet to come and they will inevitably entail additional costs. Soon Intel intends to introduce a line of desktop processors, in addition, the first smartphone based on the Intel platform is expected to be released in the very near future, who exactly will become its manufacturer is not yet clear. The company also intends to strengthen a marketing campaign in support of ultrabooks - thin lightweight laptops that share so many features with the Macbook Air. Aside from this trend, none of the major PC assemblers remained.

Intel continues to dominate the PC processor market - four of the five computers sold in the world are assembled on the Intel platform. However, in the segment of inexpensive chips for smartphones, which have gradually migrated to tablets, the company has yet to take its place. Meanwhile, more and more facts speak in favor of the progressive displacement of traditional PCs by tablets, at least in the United States.

Intel's financial results exceeded analysts' expectations, but this was not enough to maintain a stable stock price for the processor giant. After a record over the past seven indicators of $28.78, their value decreased by 2.4% to $27.79.

Q4 2011: Revenue and profit growth

Intel's net income in the 4th quarter ended December 31, 2011 was $3.5 billion. The increase was 11% compared to the fourth quarter of 2010. Earnings per share were $0.68, while analysts polled by Thomson Reuters predicted $0.61.

According to GAAP, Intel declares a net profit of $3.4 billion with an increase of 6% on an annualized basis. At the same time, revenues amounted to $13.9 billion, which is 22% higher than in the fourth quarter of 2010.

Despite revenue growth in the PC and server market segments, revenue from the sales of Atom microprocessors and the corresponding chipset fell 57% year-on-year to $167 million. In total revenue, this figure is not so large and the company hopes to increase the profitability of Atom by bringing it to the highly profitable smartphone market in 2012.

The fourth quarter revenue received by PC Client, a group that implements transactions with chips and components for laptops and desktops, amounted to $9 billion, which is 17% higher on an annualized basis. The data center group responsible for server products and data centers released revenues of $2.7 billion, up 8% year-on-year.

Stacy Smith, Chief Financial Officer of Intel, reported on the impact of the shortage of hard drives on company revenues, which led to a reduction in orders for microprocessors. In December 2011, Intel lowered revenue expectations in the fourth quarter due to a shortage of hard drives caused by floods in Thailand. Smith noted that what was happening did not affect PC sales, as computer manufacturers tried to get rid of existing stocks, but there was a decrease in the volume of orders for new microprocessors, and this hit Intel. According to Smith, the lack of hard drives will continue to affect the company's revenues in the first fiscal quarter.

For the first quarter of 2012, Intel projected revenues of $12.8 billion, plus or minus $500 million.

2010: Records: Revenue $43.6 billion, profit $11.7 billion

Revenue for the whole of 2010 amounted to $43.6 billion, an increase in comparison year-on-year by a quarter (24%). Profit increased by 167%, reaching a value of $11.7 billion. Both indicators (both revenue and profit) for both the quarter and the whole of 2010 became the record in the history of the company.

In 2010, the revenue of PC Client Group (PC chips) increased by 21% to $31.6 billion, the revenue of the Data Center Group (servers) division - by 35% to $8.7 billion. Sales of Intel Atom processors and chipsets increased by 8% to $1.6 billion. According to Stacy Smith, CFO of the company, the high growth in the server segment is due to increased demand from both companies and service providers.

Intel revenue in the 4th quarter increased by 8% compared to the same period last year to $11.5 billion. Analysts polled by Thomson Reuters expected to see $11.37 billion. The company's profit during this period increased by 48% to $3.4 billion year-on-year.

Commenting on the record financial performance of 2010, Intel President and CEO Paul Otellini said that the company intends to achieve even better results in 2011.

Intel does not predict a second wave of crisis and looks to the future more optimistically than stock analysts. In the 1st quarter of 2011, the vendor plans to receive revenue in the amount of $11.5 billion, plus or minus $400 million. That's higher than experts interviewed by Bloomberg expect to see. According to their forecast, revenue will be about $10.7 billion.

2008: Revenue decline of 2% to $37.58 billion

Intel is the world's largest microprocessor manufacturer, occupying 75% of this market in 2008. The main buyers of the company's products are manufacturers of personal computers Dell and Hewlett-Packard.

Net profit of Intel Corporation in 2008 decreased by almost a quarter to $5.29 billion against $6.98 billion in 2007. The company's revenue decreased by 2% to $37.58 billion compared to $38.33 billion a year earlier. Market capitalization as of mid-June 2008 - $128.8 billion.

Notes