Intel posts $20B revenue in Q4, beats expectations

San Francisco, Jan 22 : Intel posted better than expected results in the fourth quarter as revenue hit $20 billion while full-year revenue for 2020 set an all-time record of $77.9 billion, up eight per cent year-on-year.
Fourth-quarter revenue exceeded prior expectations by $2.6 billion driven by record PC-centric revenue with PC unit volumes up 33 per cent year-over-year led by record notebook sales, Intel said on Thursday.
“We significantly exceeded our expectations for the quarter, capping off our fifth consecutive record year,” Bob Swan, Intel CEO, said in a statement.
The company said it also achieved better-than-expected data-centric results, including record Mobileye revenue.
The year 2020 marked Intel’s fifth consecutive year of record revenue.
The Client Computing Group, Data Center Group, Non-volatile Memory Solutions Group, and Mobileye all achieved record full-year revenue.