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October 17, 2012

Intel Q3 revenue declines to $13.5bn

The company expects revenue of about $13.6bn, plus or minus $500m for Q4 2012

By CBR Staff Writer

Intel has reported a revenue of $13.5bn for the third quarter of 2012, compared to $14.23bn it reported during the corresponding quarter in 2011.

The company’s net income declined to $2.9bn for the third quarter of 2012, compared to $3.4bn for the corresponding period last year.

Operating income deceased to $3.8bn for the quarter, compared to $4.78bn for the same period last year.

The company generated about $5.1bn in cash from operations, paid dividends of $1.1bn and used $1.2bn to repurchase stock.

In the third quarter of 2012, PC Client Group revenue decreased by 8% to $8.6bn, Data Center Group revenue was up by 16% to $2.7bn and other Intel architecture group revenue declined 14% to $1.2bn.

The fall in personal computer chips revenue was in line with reports from research firms IDC and Gartner that said worldwide PC sales fell over 8%.

Intel president and CEO Paul Otellini said that the third-quarter results reflected a continuing tough economic environment.

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"The world of computing is in the midst of a period of breakthrough innovation and creativity," Otellini said.

"As we look to the fourth quarter, we’re pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market."

For the fourth quarter, Intel said it expects about $13.6bn in revenue, plus or minus $500m, and a gross margin of 57%.

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