Intel Reports Second-Quarter Results

[malware]

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.

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[the-real-snakeoil]

wow intel reporting net losses of almost 400 millions

its just me or intel is going down.?

 

[buggalugs]

i think its just the economy going down

 

[W1zzard]

-7 cents per share is nothing .. numbers are actually looking quite good given the current times

 

[the-real-snakeoil]

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

 

[HalfAHertz]

wow intel reporting net losses of almost 400 millions

its just me or intel is going down.?

Keep on dreaming

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

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

-7 cents per share is nothing .. numbers are actually looking quite good given the current times

I think that depends on the number of shares that are out on the market.

 

[the-real-snakeoil]

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?

 

[Bundy]

wow intel reporting net losses of almost 400 millions

its just me or intel is going down.?

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.

 

[Bundy]

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?

They made $365 million revenue on atom

 

[Weer]

-7 cents per share is nothing .. numbers are actually looking quite good given the current times

I hope you didn't have Intel stock.

 

[mtosev]

@snakeoil

didnt you get banned already?

 

[mdm-adph]

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.

 

[FordGT90Concept]

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.

 

[johnnyfiive]

-7 cents per share is nothing .. numbers are actually looking quite good given the current times

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