Intel Reports First $11 Billion Revenue Quarter

By Nathan Kirsch

Intel Corporation today reported that third-quarter revenue exceeded $11 billion for the first time, up 18 percent year-over-year to $11.1 billion. The company reported operating income of $4.1 billion, net income of $3.0 billion and EPS of 52 cents.

  • Revenue: $11.4 billion, plus or minus $400 million.
  • Gross margin: 67 percent, plus or minus a couple percentage points.
  • R&D plus MG&A spending: Approximately $3.2 billion.
  • Impact of equity investments and interest and other: Approximately $20 million gain.
  • Depreciation: Approximately $1.1 billion.
  • Tax rate: Approximately 31 percent.
  • Full-year capital spending: $5.2 billion, plus or minus $200 million.

Intel Logo

Intels third-quarter results set all-time records for revenue and operating income, said Paul Otellini, Intel president and CEO. These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets. Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems.

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