Total Q3’20 Revenue - Intel Newsroom...market fueled by data and the rise of AI, 5G networks and...
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YTD free cash flow ($15.1B) is GAAP cash from operations ($25.5B) minus capital expenditures ($10.4B). Q3 non-GAAP EPS ($1.11) is Q3 GAAP EPS ($1.02) after adjustment for acquisition-related adjustments (+$0.09), restructuring and other charges (-$0.01), ongoing mark-to-market on marketable equity securities (+$0.03), and income tax effect (-$0.02). For a full explanation of these non-GAAP measures, see Intel’s Q3 2020 earnings release at intc.com. Our FY 2020 outlook and other statements about future plans, expectations, and opportunities are forward-looking statements. They are based on current expectations as of Oct. 22, 2020 but are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in Intel’s Q3 2020 earnings release at intc.com, and our most recent reports on Forms 10-K and 10-Q, available at intc.com and sec.gov. Financial Results Launched 11th Gen Intel® Core™; expecting 100 designs by EOY 10nm accelerating, Arizona fab in full production Shipping Intel® Iris® Xe MAX discrete graphics Launched Mobileye SuperVision™ for ADAS Our teams delivered solid third-quarter results that exceeded our expectations despite pandemic-related impacts in significant portions of the business. Nine months into 2020, we’re forecasting growth and another record year, even as we manage through massive demand shifts and economic uncertainty. We remain confident in our strategy and the long-term value we’ll create as we deliver leadership products and aim to win share in a diversified market fueled by data and the rise of AI, 5G networks and edge computing. – Bob Swan, Intel CEO Q3’20 NASDAQ: INTC $ 411 M Client Computing Group (CCG) Data-centric Internet of Things Group (IOTG) Mobileye (MBLY) Non-Volatile Memory Solutions Group (NSG) Programmable Solutions Group (PSG) PC-centric Data Center Group (DCG) $ 1.2 B $ 234 M $ 677 M $ 5.9 B $ 9.8 B Cash from Ops $ 25.5 B Free cash flow $ 15.1 B Paid Dividends $ 4.2 B $ 1.11 B 22 % YoY Data-centric PC-centric Mid-single digits Mid-single digits Total Q3’20 Revenue Highlights Full year ‘20 outlook Non-GAAP EPS Cash and Dividends YTD 1 % YoY 7 % YoY 33 % YoY 2 % YoY 11 % YoY 19 % YoY 5 % YoY $ 75.3 B CCG DCG IOTG MBLY NSG PSG P C - c e n t r i c = $ 9 . 8 B 1 % $ 18.3 B D a t a - c e n t r i c = $ 8 . 5 B 1 0 % 4 % YoY
Transcript of Total Q3’20 Revenue - Intel Newsroom...market fueled by data and the rise of AI, 5G networks and...
YTD free cash flow ($15.1B) is GAAP cash from operations ($25.5B) minus capital expenditures ($10.4B). Q3 non-GAAP EPS ($1.11) is Q3 GAAP EPS ($1.02) after adjustment for acquisition-related adjustments (+$0.09), restructuring and other charges (-$0.01), ongoing mark-to-market on marketable equity securities (+$0.03), and income tax effect (-$0.02). For a full explanation of these non-GAAP measures, see Intel’s Q3 2020 earnings release at intc.com.
Our FY 2020 outlook and other statements about future plans, expectations, and opportunities are forward-looking statements. They are based on current expectations as of Oct. 22, 2020 but are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in Intel’s Q3 2020 earnings release at intc.com, and our most recent reports on Forms 10-K and 10-Q, available at intc.com and sec.gov.
Financial Results
Launched 11th Gen Intel® Core™; expecting 100 designs by EOY
10nm accelerating, Arizona fab in full production
Shipping Intel® Iris® Xe MAX discrete graphics
Launched Mobileye SuperVision™ for ADAS
Our teams delivered solid third-quarter results that exceeded our expectations despite pandemic-related impacts in significant portions of the business. Nine months into 2020, we’re forecasting growth and another record year, even as we manage through massive demand shifts and economic uncertainty. We remain confident in our strategy and the long-term value we’ll create as we deliver leadership products and aim to win share in a diversified market fueled by data and the rise of AI, 5G networks and edge computing.
– Bob Swan, Intel CEO
Q3’20 NASDAQ: INTC
$411M
Client Computing Group (CCG)
Data-centric
Internet of Things Group (IOTG)
Mobileye (MBLY)
Non-Volatile Memory Solutions Group (NSG)Programmable Solutions Group (PSG)
PC-centric
Data Center Group (DCG)
$1.2B
$234M
$677M
$5.9B
$9.8B
Cash from Ops
$25.5B
Free cash flow
$15.1B
Paid Dividends
$4.2B
$1.11B 22% YoY
Data-centric
PC-centric Mid-single digits
Mid-single digits
Total Q3’20 Revenue
Highlights
Full year ‘20 outlookNon-GAAP EPS
Cash and Dividends YTD
1% YoY
7% YoY
33% YoY
2% YoY
11% YoY
19% YoY
5% YoY
$75.3B
CCG
DCG
IOTG
MBLY
NSG
PSG
PC-centric = $9.8
B 1%
$18.3B
Data-c
entr
ic =
$ 8.5
B 10
%
4% YoY
