Intel releases 4Q and full-year 2018 results

Intel Corporation reported its 4Q revenue as USD 18.7 billion, up 9 percent year-over-year (YoY); and full-year revenue set a record of USD 70.8 billion, up 13 percent YoY.  The company delivered outstanding 4Q earnings per share of USD 1.12 (USD 1.28 on a non-GAAP basis) and achieved record full-year operating income, net income and EPS. In 2018, Intel generated USD 29.4 billion cash from operations; USD 14.3 billion of free cash flow and returned nearly USD 16.3 billion to shareholders.

In 4Q, Intel achieved revenue growth in nearly every business segment, and every segment of the business set new annual all-time revenue records. The PC-centric business (CCG) was up 10 percent. Collectively, Intel’s data-centric businesses grew 9 percent YoY in the quarter and 20 percent YoY in 2018. DCG achieved 24 percent cloud segment growth and 12 percent communications service provider segment growth while enterprise revenue declined 5 percent. 4Q Internet of Things Group (IoTG) revenue declined 7 percent YoY. 4Q IOTG revenue was up 4 percent YoY despite supply tightness. Quarterly revenue in Intel’s memory business (NSG) was up 25 percent YoY. Intel’s Programmable Solutions Group (PSG) also achieved record quarterly revenue, up 8 percent YoY driven by strength in the data center and communications market segments. Mobileye 4Q revenue of USD183 million was up 43 percent YoY as customer momentum continued. In 2018, Mobileye achieved 28 new design wins and 78 vehicle model launches.