Intel announced financial results for the second quarter of 2020. According to the report, the company’s sales in the second quarter amounted to 19.7 billion dollars, an increase of 20% over the previous year; net profit was 5.1 billion dollars, an increase of 22% over the previous year.
Results for the Intel’s second quarter of 2020
The company’s revenue for the second quarter was $19.7 billion, an increase of 20 percent over the same period last year. Datacenter revenues grew 34% year-over-year and accounted for 52% of the company’s total revenues, while PC central office revenues grew 7% year-over-year. These results benefited from strong sales of cloud computing, notebooks, storage, and 5G products.
In the second quarter, the Company’s PC-centric revenues grew 7% year-over-year, driven by continued activity in the home-based and homeworking segments. Sales of desktop computers declined as demand shifted to laptops.
The company’s net income for the second quarter was $5.1 billion, up 22 percent compared to $4.2 billion in the same period last year.
On a GAAP basis, the company earned $1.19 per share in the second quarter, up 29 percent year-over-year, and $1.23 per share on a non-GAAP basis, up 16 percent year-over-year.
Intel: Outlook for third quarter 2020 results
Intel expects the public to see revenues of approximately $18.2 billion, an operating margin of approximately 28%, and earnings per share of approximately $1.02 in the third quarter of 2020.
In addition, the company expects full-year 2020 revenues of approximately $75 billion, an operating margin of approximately 30%, and earnings per share of approximately $4.53.