Monday, October 11, 2010

Intel Posts Record $11.1 Billion in Revenue

Intel reported record quarterly revenue of $11.1 billion, up 18 percent year-over-year. The company reported operating income of $4.1 billion, net income of $3.0 billion and EPS of 52 cents.

Some 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.

"Intel's third-quarter results set all-time records for revenue and operating income," said Paul Otellini, Intel president and CEO. "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."

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