Intel said its Q4 results significantly exceeded its expectations capping off its fifth consecutive year of record revenue.
Intel generated $20 billion in revenue and $1.52 in EPS, exceeding guidance by $2.6 billion and $0.42 respectively.
For the full year, Intel delivered $77.9 billion in revenue, up 8 percent and $5.30 in EPS, up 9 percent. The client, data center, memory, and Mobileye businesses each set all-time revenue records.
Intel data center group generated record revenue in 2020, up 11 percent. In Q4, DCG delivered revenue of $6.1 billion, down 16 percent driven by enterprise and government weakness and cloud digestion albeit lower than expected.
Other data centric businesses were up 1 percent year-over-year in 2020. In Q4, these businesses were down 5 percent, driven largely by COVID-related demand impacts, partially offset by Mobileye growth.
IOTG revenue was down 16 percent due to COVID effects on demand. There will be recovery in IOTG in 2021 and saw sequential growth of $100 million in the quarter on stabilizing industrial and video segments.
Mobileye revenue was up 39 percent year-over-year in the quarter and operating margin was $110 million, both records as IQSoC demand continues to be strong.
NSG revenue was $1.2 billion, down 1 percent on lower ASPs, partially offset by higher volume growth. Operating margin was $76 million. PSG revenue was down 16 percent due mostly to 5G ASIC transitions at key accounts in the communications segment.
CCG delivered a fifth straight year of record revenue, up 8 percent. For the quarter, revenue was up 9 percent, driven by record notebook unit volume. ASPs were down 11 percent due to increased volume in consumer entry and education segments.