Guru3D.com
  • HOME
  • NEWS
    • Channels
    • Archive
  • DOWNLOADS
    • New Downloads
    • Categories
    • Archive
  • GAME REVIEWS
  • ARTICLES
    • Rig of the Month
    • Join ROTM
    • PC Buyers Guide
    • Guru3D VGA Charts
    • Editorials
    • Dated content
  • HARDWARE REVIEWS
    • Videocards
    • Processors
    • Audio
    • Motherboards
    • Memory and Flash
    • SSD Storage
    • Chassis
    • Media Players
    • Power Supply
    • Laptop and Mobile
    • Smartphone
    • Networking
    • Keyboard Mouse
    • Cooling
    • Search articles
    • Knowledgebase
    • More Categories
  • FORUMS
  • NEWSLETTER
  • CONTACT

New Reviews
G.Skill TridentZ 5 RGB 6800 MHz CL34 DDR5 review
Be Quiet! Dark Power 13 - 1000W PSU Review
Palit GeForce RTX 4080 GamingPRO OC review
Core i9 13900K DDR5 7200 MHz (+memory scaling) review
Seasonic Prime Titanium TX-1300 (1300W PSU) review
F1 2022: PC graphics performance benchmark review
MSI Clutch GM31 Lightweight​ (+Wireless) mice review
AMD Ryzen 9 7900 processor review
AMD Ryzen 7 7700 processor review
AMD Ryzen 5 7600 processor review

New Downloads
CPU-Z download v2.04
Intel ARC graphics Driver Download Version: 31.0.101.4090
AMD Radeon Software Adrenalin 23.1.2 (RX 7900) download
GeForce 528.24 WHQL driver download
Display Driver Uninstaller Download version 18.0.6.0
Download Intel network driver package 27.8
ReShade download v5.6.0
Media Player Classic - Home Cinema v2.0.0 Download
HWiNFO Download v7.36
MSI Afterburner 4.6.5 (Beta 4) Download


New Forum Topics
NVIDIA GeForce 528.24 WHQL driver download & Discussion Extreme 4-Way Sli Tuning Nvidia Set to Unveil RTX 4060 and 4050 GPUs Ahead of Schedule? Review: Beelink GTR6 (Ryzen 9 6900HX) mini PC Corsair 10GB/s MP700 PCIe Gen5 SSD got unveiled, but quickly gets hidden AMD Software: Adrenalin Edition 22.11.2 - Driver download and discussion RTX 4080 Owner's Thread Rumor: Further GeForce RTX 4090 Ti specs emerge RTSS Overlay Editor Megathread onsumer PCIe Gen 5.0 NVMe SSD Goes On Sale In Japan, 2 TB Up To 10 GB/s For $385 US




Guru3D.com » News » Intel Publishes Fourth-Quarter and Full-Year 2017 Financial Results

Intel Publishes Fourth-Quarter and Full-Year 2017 Financial Results

by Hilbert Hagedoorn on: 01/26/2018 09:24 AM | source: | 3 comment(s)
Intel Publishes Fourth-Quarter and Full-Year 2017 Financial Results

Intel Corporation today reported full-year and fourth-quarter 2017 financial results. The company also announced that its board of directors has approved an increase in its cash dividend to $1.20 per-share on an annual basis, a 10 percent increase. 

The board also declared a quarterly dividend of $0.30 per-share on the company's common stock, which will be payable on March 1 to shareholders of record on February 7.

"2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric businesses," said Brian Krzanich, Intel CEO. "The strategic investments we've made in areas like memory, programmable solutions, communications and autonomous driving are starting to pay off and expand Intel's growth opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers."

 

GAAP

Non-GAAP

Q4 2017

Q4 2016

vs. Q4 2016

Q4 2017

Q4 2016

vs. Q4 2016

Revenue ($B)

$17.1

$16.4

up 4%

$17.1^

$16.4^

up 4%

Gross Margin

63.1%

61.7%

up 1.4 pts

64.8%

63.1%

up 1.7 pts

R&D and MG&A ($B)

$5.1

$5.4

down 6%

$5.1^

$5.4^

down 6%

Operating Income ($B)

$5.4

$4.5

up 19%

$5.9

$4.9

up 21%

Tax Rate

111.4%

19.8%

up 91.6 pts

21.2%

19.8%^

up 1.4 pts

Net Income (Loss) ($B)

$(0.7)

$3.6

down 119%

$5.2

$3.9

up 34%

due to tax impact

Earnings Per Share

$(0.15)

$0.73

down 120%

$1.08

$0.79

up 37%

due to tax impact

In the fourth quarter, the company generated approximately $7.2 billion in cash from operations, and paid dividends of $1.3 billion.

Full-Year 2017 Financial Highlights

GAAP

Non-GAAP

2017

2016

vs. 2016

2017

2016

vs. 2016

Revenue ($B)

$62.8

$59.4

up 6%

$62.8^

$59.5

up 6%

Gross Margin

62.3%

60.9%

up 1.4 points

63.8%

63.2%

up 0.6 points

R&D and MG&A ($B)

$20.6

$21.1

down 3%

$20.5

$21.0

down 3%

Operating Income ($B)

$17.9

$12.9

up 39%

$19.6

$16.5

up 18%

Tax Rate

52.8%

20.3%

up 32.5 points

22.5%

20.3%^

up 2.2 pts

Net Income ($B)

$9.6

$10.3

down 7%

$16.8

$13.2

up 27%

Earnings Per Share

$1.99

$2.12

down 6%

$3.46

$2.72

up 28%

For the full year, the company generated a record $22.1 billion cash from operations, and paid dividends of $5.1 billion.

* Data-centric businesses include DCG, IOTG, NSG, PSG, and All Other.
^ No adjustment on a non-GAAP basis.

 

"The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO. "Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track."

Intel's fourth-quarter results reflect an income tax expense of $5.4 billion as a result of the U.S. corporate tax reform enacted in December. This includes a one-time, required transition tax on our previously untaxed foreign earnings, which was partially offset by the re-measurement of deferred taxes using the new U.S. statutory tax rate. Looking ahead, the company is forecasting a 2018 tax rate of 14 percent as the Tax Cuts and Jobs Act helps level the playing field for U.S. manufacturers like Intel that compete in today's global economy.

 

Key Business Unit Revenue and Trends

Q4 2017

vs. Q4 2016

2017

  vs. 2016

PC-centric

CCG

$9.0 billion

down

2%

$34.0 billion

up

3%

 

 

 Data-centric

DCG

$5.6 billion

up

20%

$19.1 billion

up

11%

IOTG

$879 million

up

21%

$3.2 billion

up

20%

NSG

$889 million

up

9%

$3.5 billion

up

37%

PSG

$568 million

up

35%

$1.9 billion

up

14%

up

21%*

up

16%*

 

"Intel has a rich history of investing in U.S.-led research and development and U.S. manufacturing," said Swan. "The tax reform is further incentive to continue these investments and reinforces our decision to invest in the build-out of our Arizona factory. It also informed the dividend increase we're announcing today."

For the full year, the company generated a record $22.1 billion cash from operations, and paid dividends of $5.1 billion.

Business Unit Summary

In the fourth quarter, Intel saw strong performance from data-centric businesses, which accounted for 47% of Intel's fourth-quarter revenue, an all-time high. The Data Center Group (DCG), Internet of Things Group (IOTG) and Programmable Solutions Group (PSG) all achieved record quarterly revenue. Intel's Client Computing Group (CCG) shipped a record volume of Intel Core i7 processors, launched the new 8th Gen Intel Core processor with Radeon RX Vega M Graphics, and announced an expanding line-up of LTE and 5G multi-mode modems. The Non-Volatile Memory Solutions Group (NSG) launched the new Intel Optane SSD DC P4800X Series for the data center.

The company is also advancing efforts to compete and win in artificial intelligence with the Intel Nervana Neural Network Processor, customer momentum for its Intel Movidius vision processing unit (VPU), and continued customer adoption of Intel Xeon Scalable processors. In autonomous driving, Mobileye had a strong finish to 2017 with a total of 30 ADAS customer designs wins as well as design wins for advanced L2+ and L3 autonomous systems with 11 automakers.

Additional information regarding Intel's results can be found in the Q4'17 Earnings Presentation available here.

Business Outlook
Intel's guidance for the first-quarter and full-year 2018 include both GAAP and non-GAAP estimates. Reconciliations between these GAAP and non-GAAP financial measures are included below. Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after January 25, 2018.

 

Q4 2017
compared to Q3
2017

Q4 2017
compared to Q4
2016

2017
compared to 2016

Client Computing Group Platform

Notebook platform volumes

(3)%

5%

5%

Notebook platform average selling prices

1%

(5)%

2%

Desktop platform volumes

3%

(5)%

(5)%

Desktop platform average selling prices

2%

(2)%

—%

Data Center Group Platform

Unit Volumes

3%

10%

5%

Average Selling Prices

12%

8%

4%

 







« JEDEC Revises Access to Published Standards and Documents · Intel Publishes Fourth-Quarter and Full-Year 2017 Financial Results · ATP NVMe M.2 SSDs Offer Wide Temp Deliver Reliable Performance at 4-6X the Speed of SATA »

Related Stories

Intel Purley has 28 cores - Xeon E5 and E7 Slides - 05/25/2015 09:08 AM
Over the weekend Intel Skylake Purley Xeon E5 and E7 Slides leaked onto the web, as they where spotted in forums. The slides we are talking about in this news item are about Intel’s upcomi...

Intel pumps US$1 billion subsidies to promote tablet processors - 11/27/2013 04:27 PM
Intel will offer marketing subsidies of US$1 billion to encourage tablet vendors to adopt its processors in 2014 and thereby aims to ship 60 million tablet processors for the year, almost 10 times the...

Intel publishes early build of Android 4.2.2 for x86 - 03/16/2013 10:12 AM
Intel has released an early build of the x86 version of Android 4.2.2. The release is intended solely for developers, Intel states on its website that the current build doesn't even meet its alpha re...

Intel puts CPU and WiFi radio together on chip - 09/14/2012 11:40 AM
Interesting development, one chip to rule them all ? If you figured Intel's Atom processor line was at a grinding halt, think again: the company is launching a new version of the silicon, code named ...

Intel pushes back Ivy Bridge launch - 02/27/2012 02:07 PM
The Finiancial Times reports that Intel expects its next-generation microprocessors to go on sale eight to 10 weeks later than initially planned, according to Sean Maloney, executive vice-president of...


schmidtbag
Senior Member



Posts: 7148
Joined: 2012-11-10

#5514536 Posted on: 01/26/2018 04:13 PM
Holy crap, I was not expecting them to earn so much money, especially when you consider Nvidia's influence on servers and the release of Ryzen.

kruno
Senior Member



Posts: 260
Joined: 2017-09-25

#5514551 Posted on: 01/26/2018 05:33 PM
And now i just wish that old folks who put it in my head maxim that lying and cheating doesn't payoff were alive so i can kick them in their old saggy asses.

D3M1G0D
Senior Member



Posts: 2068
Joined: 2017-03-10

#5514558 Posted on: 01/26/2018 06:20 PM
Stellar earnings, pretty much wiping out any fears over Meltdown/Spectre. Stock is up 10% this morning. Dividends also increased so investors should be very happy.

Holy crap, I was not expecting them to earn so much money, especially when you consider Nvidia's influence on servers and the release of Ryzen.

I don't know about Nvidia's influence, but Ryzen's influence was felt on the earnings. As highlighted by this article, desktop platform volumes decreased 5% compared to the year before (it was the only dark spot in otherwise stellar earnings). This explains why AMD stock is up 3.8% as well (Nvidia stock is also up 2.1% so investors may have also spotted some impact here as well).

Post New Comment
Click here to post a comment for this news story on the message forum.


Guru3D.com © 2023