Intel Corporation reported third-quarter revenue of $9.4 billion. The company reported operating income of $2.6 billion, net income of $1.9 billion and earnings per share (EPS) of 33 cents.
“Intel’s strong third-quarter results underscore that computing is essential to people’s lives, proving the importance of technology innovation in leading an economic recovery,” said Paul Otellini, Intel president and CEO. “This momentum in the current economic climate, plus our product leadership, gives us confidence about our business prospects going forward. As we look ahead, Intel’s game-changing 32nm process technology will usher in another wave of innovation from new, powerful Intel Xeon server platforms to high-performance Intel Core processors to low-power Intel Atom processors.”
Key Financial Information
Record microprocessor and chipset units
Mobility Group revenue up 19 percent, Digital Enterprise Group revenue up 14 percent, and Intel Atom microprocessor and chipset revenue up 15 percent to $415 million, all sequentially.
Gross margin was 57.6 percent, higher than the company’s expectation.
The average selling price for microprocessors was slightly down sequentially.
Spending was $2.75 billion, consistent with the company’s expectation
The net loss from equity investments and interest and other was $47 million, better than the company’s expectation
The effective tax rate was 27 percent, versus the company’s expectation of 23 percent