Tuesday, April 17th 2012

Intel Reports First-Quarter Revenue of $12.9 Billion

Intel Corporation today reported quarterly revenue of $12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and EPS of $0.53. The company generated approximately $3.0 billion in cash from operations, paid dividends of $1.0 billion and used $1.5 billion to repurchase stock.

"The first quarter was a solid start to what's expected to be another growth year for Intel," said Paul Otellini, Intel president and CEO. "In the second quarter we'll see the first Intel-based smartphones in the market, ship products based on 22 nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond."


Business Outlook

Intel's Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after April 17.

Q2 2012 (GAAP, unless otherwise stated)

- Revenue: $13.6 billion, plus or minus $500 million.
- Gross margin percentage: 62 percent and 63 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple of percentage points.
- R&D plus MG&A spending: approximately $4.6 billion.
- Amortization of acquisition-related intangibles: approximately $80 million.
- Impact of equity investments and interest and other: loss of approximately $20 million.
- Depreciation: approximately $1.6 billion.

Full-Year 2012 (GAAP, unless otherwise stated)

- Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points, unchanged.
- Spending (R&D plus MG&A): $18.3 billion, plus or minus $200 million, unchanged.
- Amortization of acquisition-related intangibles: approximately $300 million, unchanged.
- Depreciation: $6.4 billion, plus or minus $100 million, down $100 million from prior expectations.
- Tax Rate: approximately 28 percent down from prior expectations of 29 percent.
- Full-year capital spending: $12.5 billion, plus or minus $400 million, unchanged.

For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: http://www.intc.com/results.cfm

Status of Business Outlook

Intel's Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business June 15 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on April 24. Intel's Quiet Period will start from the close of business on June 15 until publication of the company's second-quarter earnings release, scheduled for July 17. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company's news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Q1 Key Financial Information (GAAP)

- PC Client Group revenue of $8.5 billion, down 7 percent sequentially.
- Data Center Group revenue of $2.5 billion, down 10 percent sequentially.
- Other Intel architecture group revenue of $1.1 billion, down 2 percent sequentially.
- The first quarter of 2012 includes full-quarter revenue contributions from last year's McAfee and Infineon Wireless Solutions acquisitions of $935 million.
- The first quarter of 2012 had 13 weeks while the first quarter of 2011 had 14 weeks.
Add your own comment

7 Comments on Intel Reports First-Quarter Revenue of $12.9 Billion

#1
largon
Sometimes I wonder if these numbers would look different if Intel's managers did not successfully abuse the market and extort customers to block-out competition back then.
Posted on Reply
#2
Vulpesveritas
by: largon
Sometimes I wonder if these numbers would look different if Intel's managers did not successfully abuse the market and extort customers to block-out competition back then.
Sometimes I wonder if we would have gotten these numbers from AMD by now had that happened.
Posted on Reply
#3
jrs3000
by: Vulpesveritas
Sometimes I wonder if we would have gotten these numbers from AMD by now had that happened.
Sometimes I wonder if AMD did get those numbers since they were able to get more sales and grow if they would have gotten phenom out the door right the first time and be on even ground with Ivy bridge today.
Posted on Reply
#4
Dent1
by: jrs3000
Sometimes I wonder if AMD did get those numbers since they were able to get more sales and grow if they would have gotten phenom out the door right the first time and be on even ground with Ivy bridge today.
AMD's success wasn't solely contingent on Phenom.
Posted on Reply
#5
Delta6326
by: largon
Sometimes I wonder if these numbers would look different if Intel's managers did not successfully abuse the market and extort customers to block-out competition back then.
by: Vulpesveritas
Sometimes I wonder if we would have gotten these numbers from AMD by now had that happened.
by: jrs3000
Sometimes I wonder if AMD did get those numbers since they were able to get more sales and grow if they would have gotten phenom out the door right the first time and be on even ground with Ivy bridge today.
Sometimes I wonder what would happen if hypothetical things were to come true...


:D

I wish I could have 0.01% of that $12.9 Billion:rolleyes:
Posted on Reply
#6
Coroner666
Sometimes I wonder, what I'm gonna do. But there ain't no cure for the summertime blues lol
Posted on Reply
#7
xenocide
by: Dent1
AMD's success wasn't solely contingent on Phenom.
It was a crucial time for AMD, Athlon 64X2 had been on top for quite some time, and people were finally buying into AMD, until C2D came out and crapped all over that. Phenom needed to be as good as Intel's offerings at that point, and it just wasn't. They then spent 4+ years playing catch up, and are still behind.
Posted on Reply