Intel Reports Record $11.1 Billion Revenue
The chip industry appears to be doing well, as Intel has posted yet another record quarter.
Intel reported that third-quarter revenue exceeded $11 billion for the first time, up 18 percent year-over-year to $11.1 billion. The company reported operating income of $4.1 billion, net income of $3.0 billion and earnings per share of 52 cents.
"Intel's third-quarter results set all-time records for revenue and operating income," said Paul Otellini, Intel president and CEO. "These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets. Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems."
PC client as well as data center revenue was up three percent, with both setting records in CPU sales. The Atom, however took a four percent hit, likely due to the slowing demand for netbooks.
Well, Sandy Bridge will probably change that.
No sir, I don't think that a bipolar Intel-AMD market will be that good.
Pfft... Exxon made almost 15 billion profit second quarter of '08.
I would be curious to see what Intel's profit margins were. It costs a lot to build and run those facilities.
What are you smoking? That's what Apple said 25 years ago and we see how well that worked out for them.
x86/x64... resistance is futile.
Exxon is the top or second largest company in the world so I don't think your comparison is very good. If you want to know what the margins were how about clicking "Check out the Intel announcement for the full details"? Hint, it's over 60%
It's also good that they don't price so low that they knock AMD out of business, which they could do if they wanted to sacrifice some profits.
The computer industry is healthy. AMD has finally given up competing with Intel on single threaded performance and made the Bulldozer focus on many threaded performance, whereas Intel had the money to create a brand new (non Pentium-Pro) processor with many of the advanced technologies of the Pentium 4, but done better.
Intel might not always be perfect, but they do more for the computer industry than any other company, and overall have excellent products that the world benefits from greatly. Anyone upset by their outstanding products should remember the benefit the company has on the world. That's the way capitalism is supposed to be.
Actually what Otellini said was that the tax and other regulations were driving US industry overseas. AFAIK Intel has a large number of fabs and other facilities here in the US. But it sounds like future fabs will be overseas unless things change.
I note Intel reported its effective tax rate as 32%. So about 1 out of every 3 dollars of profit went to Uncle Sam.
They used to be called Standard Oil before the anti trust break up and they through loop holes and deceptive actions traded oil and fuel stocks to Germany during WW2. In short they are a evil company just like BP that poisoned the Gulf of Mexico.