Intel Reports First $11 Billion Revenue Quarter

[btarunr]

Intel Corporation today reported that third-quarter revenue exceeded $11 billion for the first time, up 18 percent year-over-year to $11.1 billion. The company reported operating income of $4.1 billion, net income of $3.0 billion and EPS of 52 cents.

“Intel’s third-quarter results set all-time records for revenue and operating income,” said Paul Otellini, Intel president and CEO. “These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets. Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems.”

Q3 2010 Highlights

• PC Client Group revenue was up 3 percent sequentially, with record mobile microprocessor revenue.
• Data Center Group revenue was up 3 percent sequentially, with record server microprocessor revenue.
• Intel Atom microprocessor and chipset revenue of $396 million, down 4 percent sequentially.
• The average selling price (ASP) for microprocessors was approximately flat sequentially and up significantly year-over-year.
• Gross margin was 66 percent, consistent with the company’s revised expectation of 65 to 67 percent.
• R&D plus MG&A spending was $3.2 billion, consistent with the company’s expectation.
• The net gain from equity investments and interest and other was $115 million, lower than the company’s revised expectation of $175 million.
• The effective tax rate was 30.5 percent, slightly below the company’s expectation of approximately 32 percent.

Business Outlook

The Outlook for the fourth quarter does not include the effect of any acquisitions, divestitures or similar transactions that may be completed after Oct. 12.

Q4 2010

• Revenue: $11.4 billion, plus or minus $400 million.
• Gross margin: 67 percent, plus or minus a couple percentage points.
• R&D plus MG&A spending: Approximately $3.2 billion.
• Impact of equity investments and interest and other: Approximately $20 million gain.
• Depreciation: Approximately $1.1 billion.
• Tax rate: Approximately 31 percent.
• Full-year capital spending: $5.2 billion, plus or minus $200 million.

Status of Business Outlook

During the quarter, Intel’s corporate representatives may reiterate the Business Outlook during private meetings with investors, investment analysts, the media and others. From the close of business on Nov. 24 until publication of the company’s fourth-quarter earnings release, Intel will observe a “Quiet Period” during which the Business Outlook 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.

For complete earnings information, visit the INTC website.

[mechtech]

"“These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets. Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems.” "

they forgot to mention the monopoly market share of CPU's they have lol

[AthlonX2]

intel is leet i love you intel

[Completely Bonkers]

Originally Posted by mechtech

They forgot to mention the monopoly market share of CPU's they have lol

Er, AMD?

Intel has as much of a monopoly as Apple does in other market segments: ie there is NOT a monopoly, only a market dominance due to customer choice.

[extrasalty]

Apple doesn't have a monopoly in anything except iTunes.

[Kreij]

Originally Posted by the Original Post

... net income of $3.0 billion

I think W1zz said TPU makes more than this.

[alucasa]

Originally Posted by Kreij

I think W1zz said TPU makes more than this.

Time to build a temple for him and worship him then.

[AthlonX2]

Originally Posted by Kreij

I think W1zz said TPU makes more than this.

i doubt tpu makes more than 1 million a year,let alone 3 billion

[DigitalUK]

Originally Posted by Completely Bonkers

Er, AMD?

Intel has as much of a monopoly as Apple does in other market segments: ie there is NOT a monopoly, only a market dominance due to customer choice.

which is why intel had to pay AMD 1 billion euro because its all down to market dominance

[Wile E]

Originally Posted by DigitalUK

which is why intel had to pay AMD 1 billion euro because its all down to market dominance

They had to pay a fine because the EU, in it's infinite wisdom, decided that giving exclusivity discounts was illegal.

[Disruptor4]

Can I have some of that please? I'll give you a cookie in return if you do?

[qamulek]

$3billion.... I read this after reading about AMD's lack of profit above, and my jaw dropped to the floor. Hang in there AMD! I'm looking forward to the release of bobcat for netbooks and the bulldozer( or w/e the desktop variant will be).

[cheezburger]

does that sound make it a perfect excuse to rise up their gpu price tag and use the gpu revenue to help the loss cpu department?