Intel revenue grows 15% to $17 billion in Q2

Intel posted revenue of $17 billion (+15 percent) in the second quarter of 2018 – powered by innovation in all its business groups.
Intel revenue Q2 2018
Intel said revenue from data centre group grew 26 percent, approaching 50 percent of total revenue, led by 27 percent growth in the Data Center Group (DCG).

The Santa Clara, California-based chipmaker said DCG achieved demand from cloud and communications service providers investing to meet the explosive demand for data and to improve the performance of data-intensive workloads like artificial intelligence.

Intel revenue streams

Client Computing Group – $8.728 billion (+6%)
Data Center Group – $5.549 billion (+27%)
Internet of Things Group – $880 million (+22%)
Non-Volatile Memory Solutions Group – $1.079 billion (+23%)
Programmable Solutions Group – $517 million (+18%)

Revenue in Intel’s client computing business, which caters to PC makers and is still the biggest contributor to sales, increased 6.3 percent to $8.73 billion.

The Client Computing Group (CCG) launched several new 8th Gen Intel Core processors including: the 8th Gen Intel Core i9 processor for high performance laptops, 8th Gen Intel Core vPro processors for business, and the 8th Gen Intel Core i7-8086K limited-edition processor for gaming.

Intel’s Programmable Solutions Group (PSG) revenue grew 18 percent to $517 million.

Intel’s memory (NSG), Internet of Things Group (IOTG) and Mobileye businesses each achieved record quarterly revenue.

Mobileye revenue grew 37 percent as the adoption of advanced driver-assistance systems (ADAS) increases.

Bob Swan, Intel CFO and Interim CEO, said: “Intel is competing for a $260 billion market opportunity, and our second quarter results show that we’re winning.”

Intel said it reduced spending as a percentage of revenue from 34.6 percent to 30 percent. Intel said it is on track to achieve 30 percent target in 2018, two years ahead of original schedule.

Intel has increased guidance on full-year 2018 revenue by $2 billion to $69.5 billion with 32 percent operating margin.

The chipmaker is searching for a new CEO after Brian Krzanich was removed last month following an investigation that found he had a consensual relationship with an employee in breach of company policy.

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