Considering last quarter's dismal PC shipment figures, Intel could have fared a lot worse. The chipmaker posted its Q1 earnings this afternoon, and according to the AP, its results are in line with analysts' expectations. Also, as Reuters points out, Intel has kept its 2013 forecast unchanged, signaling bullishness about its next-gen products due out later this year.
This still wasn't an ideal quarter for Intel, of course. The company's revenue, net income, and gross margin all shrank compared to last year, as you can see below:
|Q1 2012||Q4 2012||Q1 2013|
|Revenue||$12.9 billion||$13.5 billion||$12.6 billion|
|Net income||$2.7 billion||$2.5 billion||$2.0 billion|
Compared to the same quarter a year ago, two of Intel's major product groups saw their revenue shrink, as well: the PC Client Group by 6%, and the Other Intel Architecture Group by 9%. The Data Center Group saw a 7.5% year-on-year increase.
Similar decreases may be in store for the second quarter. Intel expects revenue to land somewhere between $12.4 billion and $13.4 billion, with gross margin between 56% and 60%. Even if Intel reaches the high end of both of those ranges, it'll still come in below last year's results. Q2 2012 revenue added up to $13.5 billion, and gross margin reached 63.4%.
Nevertheless, Intel is forecasting a "low single-digit percentage increase" in revenue for 2013 as a whole. That tells us the company has high hopes for the second half of the year. With Haswell expected in June, next-gen Atoms due out in time for the holidays, and Windows 8.1 likely to hit stores this fall, perhaps those hopes are justified.
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