Intel delivered fourth-quarter revenue of $20.0 billion or $1.42 earnings per share, exceeding October’s guidance of $2.6 billion, according to the company’s press release. Full-year revenue set an all-time record of $77.9 billion, up 8% year over year.
- Intel’s revenue was driven by computing demand and the company’s focus on growth opportunities.
- Intel generated a record $35.4 billion cash from operations in 2020 and $21.1 billion of free cash flow and returned $19.8 billion to shareholders.
- The company forecasts first-quarter 2021 revenue of about $18.6 billion and EPS of $1.03
- Intel’s board approved a cash dividend increase of 5% to $1.39 per share on an annual basis.
- The board also declared a quarterly dividend of $0.3475 per share on the company’s common stock, payable March 1 of record on February 7.
Intel stock is currently declining. INTC is down 4.79% on premarket.
