View INTC Q2 Earnings Report

Highlights (GAAP results):

• Fifth consecutive quarter of record revenue, with double-digit revenue growth across all business segments.
• On a Non-GAAP basis, revenue was $13.1 billion, operating income was $4.2 billion, net income was $3.2 billion, and EPS was 59 cents.
• On a GAAP basis, the company reported second-quarter revenue of $13.0 billion, operating income of $3.9 billion, net income of $3.0 billion, and EPS of 54 cents.
• The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $961 million, and used $2.0 billion to repurchase 93 million shares of common stock.
• Business unit trends:
  • PC Client Group revenue up 11 percent year-over-year.
  • Data Center Group revenue up 15 percent year-over-year.
  • Other Intel architecture group revenue up 84 percent year-over-year, including Embedded & Communications Group revenue up 25 percent year-over-year.
  • Intel® Atom™ microprocessor and chipset revenue of $352 million, down 15 percent year-over-year.
• The acquisitions of McAfee Inc. and Infineon Wireless Solutions (now Intel Mobile Communications) contributed revenue of $1.0 billion in their first full-quarter of results.
• The platform average selling price (ASP) was approximately flat sequentially and up year-over-year.
• Gross margin was 61 percent, consistent with the company’s expectation.
• R&D plus MG&A spending was $3.9 billion, consistent with the company’s expectation.
• Net loss of $4 million from equity investments and interest and other, versus the company’s expectation of a $50 million net gain.
• The effective tax rate was 25 percent, below the company’s expectation of 29 percent.
• The company used $2.0 billion to repurchase 93 million shares of common stock.
• The second quarter of 2011 had 13 weeks of business, while the first quarter of 2011 had 14 weeks.

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Intel's website

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