Intel Earned a Record $72 Billion in 2019

Posted on January 24, 2020 by Paul Thurrott in Hardware, Mobile, Windows 10 with 2 Comments

Microprocessor giant Intel reported today that it earned a net income of $21 billion on a record $72 billion in revenues in 2019.

“In 2019, we gained share in an expanded addressable market that demands more performance to process, move and store data,” Intel CEO Bob Swan said in a prepared statement. “One year into our long-term financial plan, we have outperformed our revenue and EPS expectations. Looking ahead, we are investing to win the technology inflections of the future, play a bigger role in the success of our customers and increase shareholder returns.”

The fourth quarter of 2019 was key to Intel’s success last year: It reported record revenues of $20 billion that one quarter alone, a gain of 8 percent year-over-year.

The general stagnation in the PC industry certainly didn’t help much: While $37.1 billion of Intel’s annual revenues came from its Client Computing Group (CCG), those revenues were “flat,” Intel said. But “in the fourth quarter, the PC-centric business (CCG) was up 2 percent on higher modem sales and desktop platform volumes.” Intel’s PC business generated $8.6 billion in revenues in the fourth quarter.

Worse, Intel said that revenues from its PC business would be down in the low single digits in 2020. Overall, Intel says that it expects revenues of about $73.5 billion this year, a gain of 2 percent YOY and in keeping with this past year’s growth.

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Comments (2)

2 responses to “Intel Earned a Record $72 Billion in 2019”

  1. Stooks

    It would be more if they did not have chip shortages.

    For the second year in a row at this very time of the year we cant find any business class (small form factor) intel based desktops to buy. We buy through CDW and right now we have 30 Dell Optiplex 3070's on back order. We even asked for alternative options from HP or Lenovo and it does not matter because it is a Intel problem with supply.

  2. truerock2

    I remember rolling out scores of IBM Thinkpads in the early 1990s for a marketing department.

    My thought was - why doesn't IBM build a small-form-factor desktop PC based on the Thinkpad (i.e. notebook) PC form-factor.

    IBM had already invested in the engineering and design for the notebook form-factor - why re-invent the wheel?

    Notebook PCs are extremely awkward and poorly designed from an ergonomic standpoint. I only use one when I have to (for the portability). But the basic 9 inch by 12 inch by 1inch form-factor of the notebook PC base is excellent and so prevalent that it would be very easy to establish it as a standard small-form-factor desktop PC.