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Jun 27, 2020
Intel Q2 2020 Earnings Report
Intel's Q2 2020 revenue increased by 20% year-over-year, driven by strong demand for computing performance and data-centric growth.
Key Takeaways
Intel reported an excellent second quarter, exceeding expectations with a 20% year-over-year revenue increase to $19.7 billion. Data-centric revenue grew by 34%, accounting for 52% of total revenue, while PC-centric revenue increased by 7%. GAAP EPS was $1.19, up 29% year-over-year, and non-GAAP EPS was $1.23, up 16%.
Second-quarter revenue reached $19.7 billion, a 20% increase year-over-year, driven by strong demand for computing performance.
Data-centric revenue grew 34% year-over-year, representing 52% of total revenue, while PC-centric revenue grew 7%.
GAAP earnings per share (EPS) increased 29% year-over-year to $1.19, and non-GAAP EPS rose 16% to $1.23.
The company is accelerating its 10nm product transition, but the 7nm product transition is delayed compared to prior expectations.
Intel
Intel
Intel Revenue by Segment
Revenue by Segment
Data Center and AI Revenue
CapyFin.com Forward Guidance
Intel's guidance for the third quarter and full-year 2020 includes both GAAP and non-GAAP estimates.