Intel's third-quarter 2020 net income fell 29% year-on-year, data center segment slump
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On October 22, 2020 local time, Intel announced its financial results for the third quarter of 2020 (July-September). While semiconductors for notebook PCs performed well due to the global epidemic of the new coronavirus infection (COVID-19), the data center division did not work, sales fell 4% year-on-year, and net income fell 4% year-on-year. It was down 29%.
Intel Reports Third-Quarter 2020 Financial Results :: Intel Corporation (INTC)
https://www.intc.com/news-events/press-releases/detail/1424/intel-reports-third-quarter-2020-financial-results
Intel (INTC) earnings Q3 2020
https://www.cnbc.com/2020/10/21/intel-intc-earnings-q3-2020.html
The main points of Q3 (third quarter) financial results announced by Intel are as follows. The unit is 1 billion dollars (100 billion yen). In 2020, sales on a GAAP basis decreased by 4% year-on-year to $ 18.3 billion (about 1.9 trillion yen), gross profit decreased by 5.7% to 53.1%, and R & D and marketing decreased by 1%. 4.7 billion dollars (about 49 billion yen), operating profit decreased 22% to 5.1 billion dollars (about 53 billion yen), tax rate increased 4.3% to 15.2%, net income decreased 29% to 4.3 billion dollars (about 53 billion yen) (45 billion yen), net income per share decreased 25% to 1.02 billion dollars (about 11 billion yen).
Intel also mentions a downturn in its data center business. Due to the COVID-19 epidemic, cloud revenue grew 15% year-on-year, but corporate and government spending declined. The rapid growth of 30% year-on-year, which was shown in the second quarter of 2020, turned around, and in the third quarter, it decreased by 47% year-on-year, and the sales of the entire data center business decreased by 7% year-on-year to 5.41 billion. It was a dollar (about 620 billion yen).
Sales of the PC-related business reached $ 9.85 billion (approximately ¥ 103 billion), up 1% year-on-year, affected by the special demand for home study and telecommuting by COVID-19. With the announcement of the 11th generation Core processor ' Tiger Lake ' for notebook PCs in the third quarter, the report emphasizes that more than 100 types of mobile PCs equipped with Tiger Lake will appear by the end of 2020. I will.
Regarding the financial results, CEO Bob Swan said, 'Despite the impact of the COVID-19 pandemic in most of our business, we were able to achieve stronger than expected results. Massive changes in demand. And economic uncertainty exists, but we are forecasting growth and new records. ' Regarding the delay in 7nm process development that occurred in July 2020, he said, 'I can explain the details in January 2021', but mentioned the possibility of 'leaving production to TSMC'.
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