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Home > News > Company News > Intel expects $69.5bn revenues.....

Intel expects $69.5bn revenues for 2018

  • Author:Ella Cai
  • Release on:2018-07-27
Intel had Q2 net profit of $5.91 billion on sales 15% up y-oy of $16.96 billion.

The PC business had revenues of $8.73 billion up 6% y-o-y.

The server business had revenues of $5.55 billion- up 27% y-o-y.

The memory business had revenues of $1.08 billion – up 23% y-o-y

the IoT business had sales of $880 million – up 22% y-o-y.

The programmables business had sales of $517 million  – up 18% y-o-y.

The company expects $69.5 billion revenues for the year.

“After five decades in tech, Intel is poised to deliver our third record year in a row. We are uniquely positioned to capitalize on the need to process, store and move data, which has never been more pervasive or more valuable,” said Bob Swan, Intel CFO and Interim CEO. “Intel is now competing for a $260 billion market opportunity, and our second quarter results show that we’re winning. As a result of the continued strength we are seeing across the business, we are raising our full year revenue and earnings outlook.”

Intel id looking for a permanent CEO after Brian Kzranich resigned.