Intel Reports Third-Quarter Revenue of $13.5 Billion

Intel Corporation today reported quarterly revenue of $13.5 billion, operating income of $3.8 billion, net income of $3.0 billion and EPS of $0.58. The company generated approximately $5.1 billion in cash from operations, paid dividends of $1.1 billion and used $1.2 billion to repurchase stock. Analysts were looking for the chip giant to report earnings per share of $0.50, down from $0.65 for the same period one year ago.

Q3 2012 Key Financial Information and Business Unit Trends (GAAP, unless otherwise stated)

• PC Client Group revenue of $8.6 billion, flat sequentially and down 8 percent year-over-year
• Data Center Group revenue of $2.7 billion, down 5 percent sequentially and up 6 percent year-over-year
• Other Intel architecture group revenue of $1.2 billion, up 6 percent sequentially and down 14 percent year-over-year
• Gross margin of 63.3 percent, 1.3 percentage points above the midpoint of the companys updated expectation of 62 percent.
• R&D plus MG&A spending $4.6 billion, unchanged.
• Tax rate of 24 percent, below the companys expectation of approximately 28 percent.