Intel Reports Best Quarter Ever POSTED July 14, 2010 SANTA CLARA -- The Intel Corporation reported second-quarter revenue of $10.8 billion, up 34 percent year-over-year. The company reported operating income of $4.0 billion, net income of $2.9 billion and EPS of 51 cents. “Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history,” said Paul Otellini, Intel president and CEO. “Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future.” Q2 2010 Highlights - PC Client Group revenue was up 2 percent sequentially, with record mobile microprocessor revenue. - Data Center Group revenue was up 13 percent sequentially, with record server microprocessor revenue. - Intel Atom microprocessor and chipset revenue of $413 million, up 16 percent sequentially. - The average selling price (ASP) for microprocessors was slightly up sequentially. - Gross margin was 67 percent, 3 percentage points higher than the midpoint of the company’s expected range of 62 to 66 percent. - R&D plus MG&A spending was $3.25 billion, higher than the company’s prior expectation of approximately $3.1 billion. - The net gain from equity investments and interest and other was $204 million, higher than the company’s revised expectation of $180 million. - The effective tax rate was 31 percent, slightly below the company’s revised expectation of approximately 32 percent. Return to SVDaily Home Page © Copyright SVDaily.com

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