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Intel Corporation today reported first-quarter 2020 financial results. "Our first-quarter performance is a testament to our team's focus on safeguarding employees, supporting our supply chain partners and delivering for our customers during this unprecedented challenge," said Bob Swan, Intel CEO."The role technology plays in the world is more essential now than it has ever been, and our opportunity to enrich lives and enable our customers' success has never been more vital. Guided by our cultural values, competitive advantages and financial strength, I am confident we will emerge from this situation an even stronger company."
In the first quarter, Intel achieved 34 percent data-centric revenue growth and 14 percent PC-centric revenue growth YoY. The company maintained essential factory operations with greater than 90 percent on-time delivery while supporting employees, customers and communities in response to the COVID-19 pandemic. This includes a new Intel Pandemic Response Technology Initiative to combat the virus where we can uniquely make a difference with Intel technology, expertise, and resources.
First-quarter data-centric results were led by strength in the Data Center Group (DCG) with revenue up 43 percent YoY driven by broad strength including 53 percent YoY growth in cloud service provider revenue. Intel's memory business (NSG) and Mobileye both set new revenue records in the first quarter. Also, Intel introduced a broad, data-centric portfolio for 5G network infrastructure, including the new Intel Atom P5900, a 10 nm system-on-chip (SoC) for wireless base stations; a next-generation structured ASIC for 5G network acceleration (code-named "Diamond Mesa"); and new 2nd Gen Intel Xeon Scalable processors.
The PC-centric business (CCG) exceeded expectations, up 14 percent YoY in the first quarter on improved CPU supply and demand strength as consumers and businesses are relying on PCs for working and learning at home. Recently, Intel launched the 10th Gen Intel Core H-series mobile processors, including a new processor delivering desktop-caliber performance that gamers and creators can take anywhere.
Additional information regarding Intel's results can be found in the Q1'20 Earnings Presentation available at: www.intc.com/results.cfm
Business Outlook
Intel's guidance for the second-quarter includes both GAAP and non-GAAP estimates. Reconciliations between these GAAP and non-GAAP financial measures are included below. Given the significant economic uncertainty,Intel is not providing full-year guidance. Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after April 23, 2020.
View at TechPowerUp Main Site
In the first quarter, Intel achieved 34 percent data-centric revenue growth and 14 percent PC-centric revenue growth YoY. The company maintained essential factory operations with greater than 90 percent on-time delivery while supporting employees, customers and communities in response to the COVID-19 pandemic. This includes a new Intel Pandemic Response Technology Initiative to combat the virus where we can uniquely make a difference with Intel technology, expertise, and resources.
![](https://www.techpowerup.com/img/sFqLOgBr2YzDiQO3_thm.jpg)
![](https://www.techpowerup.com/img/CoacTTHPAW4Z8Iuz_thm.jpg)
First-quarter data-centric results were led by strength in the Data Center Group (DCG) with revenue up 43 percent YoY driven by broad strength including 53 percent YoY growth in cloud service provider revenue. Intel's memory business (NSG) and Mobileye both set new revenue records in the first quarter. Also, Intel introduced a broad, data-centric portfolio for 5G network infrastructure, including the new Intel Atom P5900, a 10 nm system-on-chip (SoC) for wireless base stations; a next-generation structured ASIC for 5G network acceleration (code-named "Diamond Mesa"); and new 2nd Gen Intel Xeon Scalable processors.
The PC-centric business (CCG) exceeded expectations, up 14 percent YoY in the first quarter on improved CPU supply and demand strength as consumers and businesses are relying on PCs for working and learning at home. Recently, Intel launched the 10th Gen Intel Core H-series mobile processors, including a new processor delivering desktop-caliber performance that gamers and creators can take anywhere.
Additional information regarding Intel's results can be found in the Q1'20 Earnings Presentation available at: www.intc.com/results.cfm
Business Outlook
Intel's guidance for the second-quarter includes both GAAP and non-GAAP estimates. Reconciliations between these GAAP and non-GAAP financial measures are included below. Given the significant economic uncertainty,Intel is not providing full-year guidance. Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after April 23, 2020.
![](https://www.techpowerup.com/img/4dXhvMoigr6JNigC_thm.jpg)
View at TechPowerUp Main Site