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Intel Reports Q1 Revenue of $12.9 billion

By - Source: Intel | B 22 comments

Intel has reported another record financial quarter for the first quarter of 2011.

Intel yesterday posted its financial earnings for the first quarter of 2011. Exceeding Wall Street and analyst expectations, the chip giant revealed a net income of 3.3 billion for Q1 2011, a figure that represents a 34 percent increase over the same period last year. Revenue came in at $12.9 billion, up 25 percent from the same period in 2010, or 12 percent from the previous quarter. Operating income was posted at $4.3 billion, up 7 percent from Q4 2010 and 25 percent from Q1 2010. Earnings per share was 59 cents, up 37 percent from the same period last year.

The above figure represent Intel’s non-GAAP results for the quarter in question. Non-GAAP results exclude certain acquisition accounting impacts and expenses related to acquisitions and the related income tax effects of these charges, however, Intel’s quarterly EPS and revenue are record breakers on both a non-GAAP and GAAP basis. The company’s GAAP revenue was $12.8 billion, up 12 percent compared to the previous quarter and 25 percent compared to Q1 2010. GAAP operating income was recorded as $4.2 billion up 3 percent and 21 percent compared to Q4 2010 and Q1 2010, respectively. GAAP net income was $3.2 billion, up 29 percent from Q1 2010, and GAAP EPS was 56 cents, up 30 percent from Q1 2010.

“The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies,” said Intel President and CEO Paul Otellini. “These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth.”

According to CNN, analysts had expected the company’s revenue to come in at $11.59 billion. Expected EPS was 46c.

Check out the full earnings report here.

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  • 0 Hide
    jkflipflop98 , April 21, 2011 5:54 AM
    What's AMD's total worth again?




    Ouch.
  • 1 Hide
    fazers_on_stun , April 21, 2011 11:44 AM
    jkflipflop98What's AMD's total worth again?Ouch.


    LOL.

    So when can you spill the beans on Intel's revolutionary 22nm process?? :D 

    Just think - a year ago, AMD fanbois like Jenny were saying Intel was behind AMD on 22nm, and just a week ago other fanbois like Bobdozer were saying Intel would tank this quarter due to the "cripple bridge fiasco". Interestingly enough, neither of them are still around on THG..

  • 0 Hide
    EXT64 , April 21, 2011 12:28 PM
    Revolutionary is a pretty strong word, so I really want to know what they were talking or exaggerating about (hopefully not just revolutionary profits for them).
  • -1 Hide
    geekapproved , April 21, 2011 1:00 PM
    They paid 8 billion for Mcafee, so that should be 4 billion, not 13 billion.
  • -2 Hide
    geekapproved , April 21, 2011 1:01 PM
    Not to mention another 1 billion for P67 issues. So now were at 3 billion this quarter, not 13 billion.
  • 0 Hide
    webbwbb , April 21, 2011 1:47 PM
    Revenue does not equal profit. Revenue is the amount of money taken in before you factor in expenses.
  • 0 Hide
    mobrocket , April 21, 2011 2:34 PM
    webbwbbRevenue does not equal profit. Revenue is the amount of money taken in before you factor in expenses.


    Bingo... Furthermore, expenses like Mcafee maybe spread across multiple quarters.

    Net Income was 3.3 Billion, and even that doesnt give you an absolute understanding of the company's health...
  • -1 Hide
    jdamon113 , April 21, 2011 3:25 PM
    GeekApproved your right
    but this is a quarter, Intel is fine and doing well
    Also they will make there money back on Mcafee. Even if consumers do not like it. the corporate world has to have something in place. I see an intel/Mcafee appliance comming very soon.
  • 0 Hide
    fazers_on_stun , April 21, 2011 3:25 PM
    Quote:
    Not to mention another 1 billion for P67 issues. So now were at 3 billion this quarter, not 13 billion.


    Not true - see this Barron's article :

    Quote:
    Intel said a “rapid recovery” in the flaws it had identified in late January with its “Cougar Point” chipset allowed the company to bounce back in its shipments of its latest microprocessor, Sandy Bridge, eliminating what had been expected to be a $300 million hit to revenue.

    The company saw Sandy Bridge perform well in emerging markets, offsetting weakness in consumer PC buying in established markets.
  • 0 Hide
    fazers_on_stun , April 21, 2011 3:27 PM
    According to Semiaccurate, the "revolutionary" 22nm is using FinFETs on a part of Ivy Bridge. My guess is that it could be 50/50 truth or BS :p .
  • 1 Hide
    BSMonitor , April 21, 2011 4:15 PM
    Quote:
    GeekApproved your right..


    No, he is not...
  • 1 Hide
    rmmil978 , April 21, 2011 4:20 PM
    Intel isn't going anywhere anytime soon, sorry AMD fans. Actually, I don't understand the desire of either "side" wanting the demise of either company. Competition drives prices lower, period. If AMD didn't exist, or vice versa, CPU's would be a LOT more expensive! I have always (mostly) favored Intel CPU's in my builds, but my biggest fear is the death of AMD.
  • 0 Hide
    jplarson , April 21, 2011 5:27 PM
    GeekApprovedThey paid 8 billion for Mcafee, so that should be 4 billion, not 13 billion.


    13 - 8 = 4?

    BSMonitorNo, he is not...


    Agreed.
  • 0 Hide
    tony singh , April 21, 2011 6:30 PM
    Hope the athlon glory days will be back some day...best of luck AMD...
  • 0 Hide
    fazers_on_stun , April 21, 2011 6:36 PM
    I don't think anybody here wants to see AMD go bellyup. IIRC AMD's Q1 earnings report comes out next Tuesday, and hopefully what floated Intel's boat will also float AMD's..
  • 0 Hide
    dark_lord69 , April 21, 2011 6:44 PM
    Well... the iCore processors are clearly better. I'm not too surprised.
    I'm not a fanboy of either, I actually think intel iCore CPU's are mostly overpriced. That is why I bought an AMD 955 Black.
  • 0 Hide
    JohnnyLucky , April 21, 2011 7:05 PM
    Net income of $3.3 billion for three months!!! I wish they would let some that trickle down to me!!!
  • -1 Hide
    ProDigit10 , April 21, 2011 7:05 PM
    Yay! Another 10 billion going to all CEO's and 0 going back into the economy by providing work for all!
  • 0 Hide
    fazers_on_stun , April 21, 2011 8:40 PM
    ProDigit10Yay! Another 10 billion going to all CEO's and 0 going back into the economy by providing work for all!


    ?? Intel announced a new fab being built for their 14nm node - that'll create thousands of jobs here in the USA and pump millions into our economy. IIRC, Intel has something like 7 fabs here in the USA. AMD, or actually GloFlo, is building one in New York. So it's not like the CPU companies are all offshore enterprises that don't pay any taxes (unlike GE I guess :p ).
  • 0 Hide
    dragonsqrrl , April 21, 2011 10:04 PM
    Saw some interesting leaked information about the Sandy Bridge-E lineup (LGA 2011) on Guru3D earlier today. It looks like the highest end EE processor will be a six-core clocked at 3.3GHz with 15MB L3. And it looks like there will also be a quad-core 3.6GHz version with 10MB L3 positioned with the 2600K, probably around the $300 price point. Check it out:

    http://www.guru3d.com/news/leaked-roadmap-shows-two-lines-of-enthusiast-sandy-bridgee-cpus/
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