Intel announced its Q4 2017 and full year 2017 earnings, in what has to be one of the higher-profile earnings calls the company has ever done. For the past three weeks, Intel has taken unrelenting heat for the Spectre and Meltdown flaws. On the one hand, it’s true Intel is easily the most exposed of any CPU vendor, even ARM (which has far more CPUs in the field), and Intel’s initial fixes had to be yanked for being buggy and causing frequent reboots. On the other, some of the more grandiose predictions we’ve seen on the potential ramifications of the two flaws are misguided or generally incorrect. Still, it’s a serious problem, and investors have been waiting to hear what Intel is going to do about it.
Almost secondary to this is the question of how Intel performed throughout 2017 and how AMD’s mobile and desktop Ryzen launches might have impacted the company’s full year results. Luckily, we’ve got info on all three topics.
Intel’s full year revenue was $62.8B, a record for the company, and driven by the growth of its IoT, data center, and cloud computing business segments. Full-year revenue grew 9 percent year over year, driven by 11 percent growth in data center income, 20 percent in IoT (still a comparatively small chunk of Intel’s earnings, at $3.2B for the year), 37 percent growth in non-volatile memory sales (Optane, NAND, $3.5B for 2017), and 14 percent growth in programmable solutions (FPGAs, $1.9B for 2017).Read More...
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