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.