Intel Reports Q1 Revenue of $12.9 billion
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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Jane McEntegart is a writer, editor, and marketing communications professional with 17 years of experience in the technology industry. She has written about a wide range of technology topics, including smartphones, tablets, and game consoles. Her articles have been published in Tom's Guide, Tom's Hardware, MobileSyrup, and Edge Up.
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fazers_on_stun jkflipflop98What's AMD's total worth again?Ouch.Reply
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..
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EXT64 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).Reply -
geekapproved Not to mention another 1 billion for P67 issues. So now were at 3 billion this quarter, not 13 billion.Reply -
webbwbb Revenue does not equal profit. Revenue is the amount of money taken in before you factor in expenses.Reply -
mobrocket webbwbbRevenue does not equal profit. Revenue is the amount of money taken in before you factor in expenses.Reply
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... -
jdamon113 GeekApproved your rightReply
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. -
fazers_on_stun Reply9285527 said: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 :
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. -
fazers_on_stun 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.Reply