[The Exiled]

Intel Reports Q3 2020 Earnings: Still very profitable, but challenging times ahead

The traditional leader of the pack in more than one way, Intel has been under more intense scrutiny as of late, particularly due to their previously disclosed delay in their 7nm manufacturing schedule. For the third quarter of 2020, Intel reported $18.3B in revenue. A drop of $0.9B over the year-ago quarter. As previously mentioned, Intel has been setting a string of record revenues in previous quarters, but the boom is coming to an end as margins and revenues are slipping. Those declines are also having the expected knock-on effect to Intel’s profitability, with the company reporting $4.3B in net income, a 29% drop versus Q3’19. Intel is likely to face some of the stiffest competition in at least a decade, if not more. AMD and several Arm customers are eyeing Intel’s client and server market share (and associated profits) with their improved products, and while the company continues to talk up its own products, it's increasingly clear that they don't expect to be able to return to their traditional leadership position until at least 2023.

Izvor: AnandTech