Intel Misses its Revenue Targets But Still Achieves $70.8 Billion Record Revenue in 2018

Written by Jon Sutton on Fri, Jan 25, 2019 2:15 PM

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.

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12:31 Jan-26-2019

It's because I bought my first very own non-used CPU from them, and there were others like me :D

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18:03 Jan-26-2019

Their Desktop sales account for a very small percentage of their revenue. The Server market and laptop market is where they get almost all of their income, especially servers.


Considering that there was no 14nm shortage from 2015-2017, but just in 2H 2018, they most-likely got quite a few server contracts this year which is why they hit a record revenue, while Ryzen is most-likely why they missed it.

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02:38 Jan-26-2019

Don't worry a big company like INTEL will not fall suddenly but they will sure to fall if they don't come to their senses. They could at least learn from NOKIA.

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13:24 Jan-26-2019

Nokia wasn't producing the best phones anymore, Intel is still at the top of their game

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18:04 Jan-26-2019

I mean they will not fall at all if they keep producing record revenue numbers every year. XD

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15:31 Jan-25-2019

I was updating my intel n3450 igpu drivers to the latest version today. My screen turned blacked for over 30 minutes so I forced it off. Luckyli it rollbacked the driver by itself I think atleast since it keeps saying download the latest driver. thx intel I won t be updating my drivers for a while than.

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14:27 Jan-25-2019

Here all Inter processors cost 2x as much as their Amd conterparts. Ofc they make money if they price it so high.

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14:29 Jan-25-2019

yet people still buy them @ double the price - HA! Seems unbelievable, yet it is indeed true

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15:14 Jan-25-2019

If you think the majority of their income comes from desktop CPUs, you are as far away from the truth as possible.
They sell servers and laptops for that and they supply more and more, why do you think they hit a 14nm shortage last year and not from 2015-2017?
Ryzen is probably the reason they missed their revenue target, but that's about it.

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