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."

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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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Tarun Iyer was a contributor for Tom's Hardware who wrote news covering a wide range of technology topics, including processors, graphics cards, cooling systems, and computer peripherals. He also covered tech trends such as the development of adaptive all-in-one PCs.

4 Comments Comment from the forums

L0tus

As long as they keep pumping that moolah into R&D cos my next build ain't happening till Haswell.
Reply
spentshells

juggernaut of a company
Reply
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!
Reply
InvalidError

Looks like the "good enough" crunch is starting to take its toll...
- mobile devices becoming "good enough" for much of people's everyday uses
- old PCs remaining "good enough" for most stuff people still need/want PCs for
- people realizing even low-end PCs are often already overkill for their needs

Fewer PC replacements, longer replacement cycles, replacement by lower-end/cheaper systems and in some cases, substitution with non-PC devices. None of those good news for Intel and AMD.
Reply