Intel’s Q4 2020 Earnings: PC Sales Boom, Fifth Consecutive Record Year

Intel reported its fourth quarter 2020 earnings today, marking a stronger-than-expected quarter and the fifth consecutive record-breaking year, largely propelled by sales of PC chips during the pandemic. Incoming CEO Pat Gelsinger and Omar Ishrak, Chairman of Intel’s board, joined current CEO Bob Swan on the call and stated that the company has largely fixed the issues with its 7nm process node, which you can read about here, but will still outsource some manufacturing for its 2023 products. 

Intel’s earnings beat expectations as the company enjoyed record revenue for the fifth straight year. The company’s client, data center, memory, and mobileye businesses all set revenue records.