Intel, record revenue and a solid fourth quarter of 2019
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Intel posted revenue of $ 20.2 billion in the fourth quarter, up 8% from the same quarter last year. The reported metric also exceeded the revenue estimate of $ 19.23 billion.
Record revenue and a solid fourth quarter of 2019 for Intel
Notably , Intel's revenue for the full year 2019 reached a record high of $ 72 billion, a 2% increase from 2018, largely due to data-centric growth and increased desktop computer volumes.
Intel earned a GAAP net income of $ 6.9 billion in the quarter, posting a whopping 33% increase from the comparable quarter last year.
When it comes to free cash flow, Intel generated $ 9.9 billion in cash from operations, paid dividends of $ 1.4 billion, and used $ 3.5 billion to buy back 63 million shares. Lastly, the company expects to generate $ 16.5 billion in free cash flow during 2020.
As for the stock on the stock exchange, it should be remembered that since Intel's last quarterly earnings report on October 24, 2019, its share price has risen by around 16%. The stock price as of this writing is $ 67.93, as of 16:30 ET.
Although Intel loses market share in PCs and servers, those businesses are not the only ones that keep the company afloat, as demonstrated in its financial results. On the other hand, the presentation of the Intel earnings call indicates that the increase of 10nm nodes is occurring at a faster rate than expected and that the chip maker plans to launch nine products with this node during year. We will keep you informed.
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