Categories AlphaGraphs, Earnings, Technology
A visual representation of Intel (INTC) Q1 2020 earnings results
Intel Corporation (NASDAQ: INTC) reported its financial results for the quarter ended March 31, 2020 today.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/Intel-Financial-Summary-1024x512.jpg)
Intel posted a 42% jump in earnings for the first quarter of 2020 helped by higher revenue. The revenue in the DCG segment rose by 43% aided by strong demand from cloud service provider customers. The PC-centric business increased by 14% on improved CPU supply and demand strength as consumers and businesses are relying on PCs for working and learning at home.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/Intel-Q1-2020-Earnings-Infographic-608x1024.jpg)
Looking ahead into the second quarter of 2020, Intel expects revenue of about $18.5 billion, earnings of $1.04 per share, and adjusted earnings of $1.10 per share. The spread of the COVID-19 pandemic has caused Intel to modify its business practices and the degree of the impact on its results will depend on future developments.
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