Intel Corporation - Financials and Filings

Recent Highlight

Recent Highlights

Intel Reports Strong Third-Quarter Results

Third-Quarter Revenue $9.4 Billion, Strongest Second-to-Third-Quarter Growth in over 30 years
Gross Margin 58 Percent, Up 7 Points Sequentially
Operating Income $2.6 Billion
Net Income $1.9 Billion
EPS 33 Cents

SANTA CLARA, Calif., Oct 13, 2009 - Intel Corporation today 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."

Non-GAAP Comparison
	Q3 2009	vs. Q2 2009
Revenue	$9.4 billion	up $1.4 billion
Operating Income/(Loss)	$2.6 billion	up $1.1 billion
Net Income/(Loss)	$1.9 billion	up $807 million
Earnings/(Losses) Per Share	33 cents	up 15 cents

GAAP Comparison
	Q3 2009	vs. vs. Q2 2009	vs. vs. Q3 2008
Revenue	$9.4 billion	up $1.4 billion	down $828 million
Operating Income/(Loss)	$2.6 billion	up $2.6 billion	down $519 million
Net Income/(Loss)	$1.9 billion	up $2.3 billion	down $158 million
Earnings/(Losses) Per Share	33 cents	up 40 cents	down 2 cents

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 (ASP) for microprocessors was slightly down sequentially.
Inventories were down $315 million sequentially.
Spending (R&D plus MG&A) was $2.75 billion, consistent with the company's expectation.
Restructuring and asset impairment charges were $63 million, higher than 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.