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The above graph represents the Intel cost of sales by quarter, starting from fiscal Q1 1993 to Q2 2020. The Semiconductor chip manufacturing company recorded a strong 39.1% YoY increase in its quarterly cost of sales, amounting to $9,221 million in Q2 2020. That’s nearly 46.7% of Intel’s total revenue generated during the quarter.
Growth in Intel Cost of Sales: History
|Source||Intel Quarterly reports, SEC Filings|
|Note||Intel fiscal year starts from January 1st|
Intel quarterly cost of sales surpassed 1 billion mark for the first time in fiscal Q1 1994, it took 4 quarters to do so. The company reported a strong 56.5% YoY growth in cost of sales, amounting to $1,124 million. The company took 7 quarters to double its cost of sales, clocking $2,389 million in Q4 1995.
In fiscal Q2 2011, the total cost of sales surpassed 5 billion mark for the first time, with a strong 45.3% YoY increase. That shows a modest increase from the previous quarter when the company had $4,962 million in cost of sales worldwide.
The biggest YoY growth in Intel’s global cost of sales was recorded in fiscal Q4 1994. The company reported an astonishing 116.4% YoY increase in its cost of sales, to $2,023 million.
About Intel Corporation
Intel Corporation (NASDAQ: INTC) is a leading manufacturer of semiconductor computer circuits. Intel was founded on July 18, 1968, by Robert Noyce and Gordon Moore, with initial funding of $2.5 million. Interestingly, in just 3 years, exactly on October 13, 1971, Intel went for an initial public offering (IPO), raising $6.8 million ($23.50 per share). Intel and its compatible chips are now found in every desktop and laptop except Apple products.
The company’s three largest customers, Dell Inc., Lenovo Group Limited and HP Inc., accounted for nearly 40% of the total revenue as of 2018.
Intel is ranked #43 in the list of 2019 Fortune 500 companies, up from #46 in 2018.
Intel has always been open to having new mergers and acquiring new projects, the latest being OmniTek (2019) which deals with FPGA video acceleration, and most popular being McAfee (2010).
Intel recently announced its withdrawal from 5G smartphone modem business. However, the company will continue to meet current customer commitments for its existing 4G smartphone modem product line.
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