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Intel Reports Second-Quarter Results

Discussion in 'News' started by malware, Jul 15, 2009.

  1. malware New Member

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    Intel Corporation today reported second-quarter revenue of $8.0 billion. Excluding the effects of the European Commission fine, the company had non-GAAP operating income of $1.4 billion, net income of $1.0 billion and EPS of 18 cents. On a GAAP-basis, the company reported an operating loss of $12 million, a net loss of $398 million and a loss per share of 7 cents.
    "Intel's second-quarter results reflect improving conditions in the PC market segment with our strongest first- to second-quarter growth since 1988 and a clear expectation for a seasonally stronger second half," said Paul Otellini, Intel president and CEO. "Intel's strategy of investing in new technologies and innovative products, combined with ongoing focus on operating efficiencies, continues to yield benefits that are evident in our strengthening financial performance."
    To read the complete earnings release, click here.

    Source: Intel
     
  2. the-real-snakeoil New Member

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    wow intel reporting net losses of almost 400 millions

    its just me or intel is going down.?
     
  3. buggalugs

    buggalugs

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    i think its just the economy going down
     
  4. W1zzard

    W1zzard Administrator Staff Member

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    -7 cents per share is nothing .. numbers are actually looking quite good given the current times
     
  5. the-real-snakeoil New Member

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    but losing 400 millions per quarter, how are they going to build the multibillion 32 nanometer fabs they need?
     
  6. HalfAHertz

    HalfAHertz

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    Keep on dreaming :p

    Meh, maybe they'll just have to take the money out of their own VERY deap pockets instead of ours this time around :laugh:

    I think that depends on the number of shares that are out on the market.
     
  7. the-real-snakeoil New Member

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    intel best selling processor is the atom but, intel obtains very little profit with every atom,and some said atom was cannibalizing other intel processors, could this be proved true with this results?
     
  8. Bundy

    Bundy

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    No - they made a reasonable operating profit likw W1z said. The loss was due to the EU fine mainly. Thats all clear from their books now and I'd say they are in an envious business position, making money in a downturn and being market leader running into a growth period.
     
  9. Bundy

    Bundy

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    They made $365 million revenue on atom
     
  10. Weer New Member

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    I hope you didn't have Intel stock.
     
  11. mtosev

    mtosev New Member

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    @snakeoil

    didnt you get banned already? :)
     
  12. mdm-adph

    mdm-adph New Member

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    No, Intel is not "going down," and nobody in their right mind wants that, anyway.

    Hopefully, though, they'll clean up their act and this won't happen again.
     
  13. FordGT90Concept

    FordGT90Concept "I go fast!1!11!1!"

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    400 million isn't a very big loss for Intel and considering the economy, that is excellent. The point Intel is cheering here is that there is now growth forecasted for Intel. Intel was a relatively safe haven while housing markets crashed.
     
    Crunching for Team TPU
  14. johnnyfiive

    johnnyfiive

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    I agree. When I saw only a .07 drop, my first thought was that Intel is doing damn good considering the economic state.
     

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