Intel Reports First-Quarter Revenue of $12.6 Billion

Aside from an unsurprising drop from Q4 2012, Intel can justifiably be quite proud of its first quarter earnings that include a revenue of $12.6 billion, gross margin of 56.2 percent and a net income of $2 billion. The company also generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to repurchase 25 million shares of stock.

"Amidst market softness, Intel performed well in the first quarter and I'm excited about what lies ahead for the company," said Paul Otellini, Intel president and CEO. "We shipped our next generation PC microprocessors, introduced a new family of products for micro-servers and will ship our new tablet and smartphone microprocessors this quarter. We are working with our customers to introduce innovative new products across multiple operating systems. The transition to 14nm technology this year will significantly increase the value provided by Intel architecture and process technology for our customers and in the marketplace."

Quarterly Financial Comparison

Q1 2013

Q4 2012

Change vs. Q4 2012

Revenue

$12.6 billion

$13.5 billion

down 7%

Gross Margin

56.2%

58.0%

down 1.8 pts.

Operating Income

$2.5 billion

$3.2 billion

down 20%

Net Income

$2.0 billion

$2.5 billion

down 17%

Earnings Per Share

40 cents

48 cents

down 17%

The full financial statement and Intel’s analysis is available at the source link. The company has announced that it will be reporting its earnings for Q2 2013 on July 17, 2013.


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4 comments
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  • L0tus
    As long as they keep pumping that moolah into R&D cos my next build ain't happening till Haswell.
    6
  • spentshells
    juggernaut of a company
    0
  • dalethepcman
    Intel is feeling pressure from the smartphone/tablet sector. I can't wait for a truly low power full blown x86 phone. VMware mobile, here I come!
    0