Intel Beats Revenue Estimates

Chipmaking large Intel declared fourth quarter financials with better-than-expected revenue.

The city, Calif.-based company rumored revenue of $16.4 billion, up 100% from the previous year, and earnings per share of seventy nine cents.

Wall Street was estimating quarterly revenue of $15.75 and EPS of seventy five cents, per analysts polled by Yahoo Finance.

“The fourth quarter was a terrific end to a record-setting and transformative year for Intel. In 2016, we tend to took necessary steps to accelerate our strategy and refocus our resources whereas additionally launching exciting new merchandise, with success group action Altera, and investment in growth opportunities,” same Intel corporate executive Brian during a statement. “I’m happy with our 2016 performance and assured in our future.”

After years of failure in breaking into the mobile business, Intel secured a giant mobile deal providing cellular electronic equipment chips into Apple’s iPhone seven, discharged late last year. however the deal doesn’t seem to possess created a lot of of a money dent. The company’s consumer Computing cluster, which incorporates each the computer and mobile businesses, grew 4WD year-over-year to $9.1 billion in revenue. The computer trade has featured years of decline, with overall sales falling five.7% in 2016, per analysis firm IDC.

Intel has been attempting to maneuver off from its dependence on PCs over the past few year and has adult more and more dependent on the information center business. Its processors command a ninety nine share of the market. The company’s knowledge Center cluster had revenue of $4.7 billion, up V-day year-over-year, for the fourth quarter.

But with growing computing demands within the knowledge center for computing, Intel has to scramble to stay up with the competition. the corporate noninheritable two-year-old AI startup Nervana in August for over $400 million. The startup was functioning on its own AI-optimized processor that Intel currently plans on group action into its server merchandise.


Aaron Tilley , FORBES employees
I cowl hardware and chipmakers.


Intel corporate executive Brian Krzanich speaks throughout the company’s press event at the 2017 shopper natural philosophy Show (CES) in Las Vegas (Photo credit: Patrick T. Fallon/Bloomberg)

Chipmaking large Intel declared fourth quarter financials with better-than-expected revenue.

The city, Calif.-based company rumored revenue of $16.4 billion, up 100% from the previous year, and earnings per share of seventy nine cents.

Wall Street was estimating quarterly revenue of $15.75 and EPS of seventy five cents, per analysts polled by Yahoo Finance.

“The fourth quarter was a terrific end to a record-setting and transformative year for Intel. In 2016, we tend to took necessary steps to accelerate our strategy and refocus our resources whereas additionally launching exciting new merchandise, with success group action Altera, and investment in growth opportunities,” same Intel corporate executive Brian during a statement. “I’m happy with our 2016 performance and assured in our future.”

After years of failure in breaking into the mobile business, Intel secured a giant mobile deal providing cellular electronic equipment chips into Apple’s iPhone seven, discharged late last year. however the deal doesn’t seem to possess created a lot of of a money dent. The company’s consumer Computing cluster, which incorporates each the computer and mobile businesses, grew 4WD year-over-year to $9.1 billion in revenue. The computer trade has featured years of decline, with overall sales falling five.7% in 2016, per analysis firm IDC.

Intel has been attempting to maneuver off from its dependence on PCs over the past few year and has adult more and more dependent on the information center business. Its processors command a ninety nine share of the market. The company’s knowledge Center cluster had revenue of $4.7 billion, up V-day year-over-year, for the fourth quarter.

But with growing computing demands within the knowledge center for computing, Intel has to scramble to stay up with the competition. the corporate noninheritable two-year-old AI startup Nervana in August for over $400 million. The startup was functioning on its own AI-optimized processor that Intel currently plans on group action into its server merchandise.

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The company’s net of Things and microchip divisions grew the quickest. Quarterly revenue for net of Things grew 16 PF year-over-year to $726 million. The memory business had revenue of $816 million, up twenty fifth year-over-year. Intel is functioning on a brand new sort of memory technology known as 3D XPoint.

Intel’s stock is mercantilism up over a pair of in late mercantilism.

The company all over with full-year revenue of $59.4 billion, up seven-membered from 2015, and profit of $10.3 billion, down seven-membered from the previous year.