Intel Reports Third-Quarter Revenue of $13.5 BillionTue, Oct 16, 2012 - 3:04 PM
Intel Corporation today reported quarterly revenue of $13.5 billion, operating income of $3.8 billion, net income of $3.0 billion and EPS of $0.58. The company generated approximately $5.1 billion in cash from operations, paid dividends of $1.1 billion and used $1.2 billion to repurchase stock. Analysts were looking for the chip giant to report earnings per share of $0.50, down from $0.65 for the same period one year ago.
Q3 2012 Key Financial Information and Business Unit Trends (GAAP, unless otherwise stated)
- PC Client Group revenue of $8.6 billion, flat sequentially and down 8 percent year-over-year
- Data Center Group revenue of $2.7 billion, down 5 percent sequentially and up 6 percent year-over-year
- Other Intel® architecture group revenue of $1.2 billion, up 6 percent sequentially and down 14 percent year-over-year
- Gross margin of 63.3 percent, 1.3 percentage points above the midpoint of the company’s updated expectation of 62 percent.
- R&D plus MG&A spending $4.6 billion, unchanged.
- Tax rate of 24 percent, below the company’s expectation of approximately 28 percent.
“Our third-quarter results reflected a continuing tough economic environment,” said Paul Otellini, Intel president and CEO. “The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we’re pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market.”