Daily Management Review

Intel's net profit grows by 32% in the first half of 2020


Net profit of the American company Intel, one of the world's largest manufacturers of computer components, in the first half of this year grew by 32% in annual terms and amounted to $ 10.766 billion, the company said in a press release.

Diluted earnings per share in the reporting period were $ 2.5 versus $ 1.79 in 2019. The company's revenue amounted to $ 39.556 billion, which is 21.5% higher than in January-June last year.

According to the results of the second quarter, Intel's profit increased in annual terms by 22%, to 5.105 billion dollars. Diluted earnings per share in the reporting period were $ 1.19 versus $ 0.92 last year. The adjusted figure was $ 1.23 against the forecast of $ 1.11. The company's revenue reached $ 19.728 billion, an increase of 19.5% year-on-year; analysts expected the figure at $ 18.5 billion.

In the third quarter, the company expects revenues of $ 18.2 billion and earnings per share of $ 1.02, and overall revenue and earnings per share in 2020 at levels of $ 75 billion and $ 4.53, respectively.

American corporation Intel Corp. was founded in 1968. It manufactures a wide range of electronic devices and computer components, including microprocessors. As of June 2020, the staff of the company was 110.8 thousand people.

source: bloomberg.com