Intel has posted its revenue results for Q4 2018 alongside its full-year 2018 and, despite record revenue, still missed out on its own targets. It’s a bit of a mixed bag for Intel then, who somehow managed an exceptional quarter and yet still failed to hit guidance targets. This caused a temporary blip in Intel’s share volume but common sense eventually won out and Intel’s valuation has been restored.

Total revenue for Q 2018 was $18.7 billion for Intel, up 9% year-on-year, while total revenue for the year set an all-time record at Intel of $70.8 billion. Earnings per share (EPS) sits at $4.58 for the year. Intel also enjoyed record revenue in every single one of its business segments. Any talk of Intel ceding any serious ground to AMD appears to be grossly misguided.

“2018 was a truly remarkable year for Intel with record revenue in every business segment and record profits as we transform the company to pursue our biggest market opportunity ever,” said Bob Swan, Intel CFO and Interim CEO.

“In the fourth quarter, we grew revenue, expanded earnings and previewed new 10nm-based products that position Intel to compete and win going forward. Looking ahead, we are forecasting another record year and raising the dividend based on our view that the explosive growth of data will drive continued demand for Intel products.”

Impressively, Intel claims it also managed to achieve total gender pay equity across its global workforce which is no mean feat.

If there is the downside to these formidable figures it’s that Intel didn’t quite reach the heights predicted by analysts. Intel was set targets of $19.01 billion but fell slightly short at $18.7 billion.

Looking ahead, Intel believes its revenue will increase by 1% to 71.5 billion in 2019 while operating margins will decline around 1% due to the ramping up of 10nm chip production. There have been reports Intel is running into more trouble with 10nm fabrication but it's still looking almost certain that 10nm Ice Lake will be with us before the end of 2019.