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Intel achieves $20 billion in revenue in fiscal quarter 2020

 


Intel disclosed its financial results for the fourth and final quarter of 2020, generating total revenues of $20 billion, with the computer sector playing the biggest role in this increase, which exceeded the company's expectations by $2.6 billion.

Intel's revenue in the computer sector increased by 33% compared to the same period last year, with sales of notebooks growing by 30% and Intel's Client Computing Group, the company's product arm, up to $10.9 billion, up 9% from a year earlier.

The company's sales in the computer sector, coupled with a surge in revenue from the self-driving technology sector, mobileye, have had the most impact in exceeding its pre-forecast ceiling of $2.6 billion.

The company's net profit for the quarter was US$5.9 billion, which is actually 1% lower than last year and 15% from the previous year 2019, and here we are talking about total quarterly revenue compared to previous years rather than the above detailed division revenues.

As for what is to come, the company did not give the full details of its financial forecast for the current year 2021 deferred until the new CEO Pat Gelsinger takes over in February, while the pre-forecast was limited to the first quarter only with an estimated revenue of approximately US$17.5 billion.

 

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