Intel's sales shrank. Nvidia's overtook them
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What the chart shows
In 2019 Intel's revenue of US$72.0bn dwarfed Nvidia's US$10.9bn and AMD's US$6.7bn. Intel's peaked two years later at US$79.0bn and has slipped each year since, to US$52.9bn in 2025, while Nvidia's reached US$215.9bn and AMD's US$34.6bn. Nvidia's financial year ends in late January.
Friday's share price fall, Intel's worst since 1974, came after it guided to December-quarter revenue of US$15bn to US$16bn and adjusted earnings of 25 cents a share, where analysts had pencilled in 43 cents. Seaport Research's Jay Goldberg says Intel is making too many chips for the worst PC market in 15 years and too few for AI servers.
The story behind it
Intel had its worst day since 1974 after a weak forecast for the December quarter Read the edition →The numbers
Intel's, Nvidia's and AMD's revenue by year in US$bn, 2019 to 2025; Nvidia's years end in late January. Intel's fell from US$79.0bn to US$52.9bn.
| Intel | Nvidia | AMD | |
|---|---|---|---|
| 2019 | US$72.0bn | US$10.9bn | US$6.7bn |
| 2020 | US$77.9bn | US$16.7bn | US$9.8bn |
| 2021 | US$79.0bn | US$26.9bn | US$16.4bn |
| 2022 | US$63.1bn | US$27.0bn | US$23.6bn |
| 2023 | US$54.2bn | US$60.9bn | US$22.7bn |
| 2024 | US$53.1bn | US$130.5bn | US$25.8bn |
| 2025 | US$52.9bn | US$215.9bn | US$34.6bn |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
