Intel posts second-quarter results, cuts 2013 forecast


— 5:04 PM on July 17, 2013

Times are tough in the PC industry—and as one of the most prominent members of that industry, Intel isn't immune to the inauspicious market conditions. The chipmaker posted its second-quarter results this afternoon, showing modest sequential revenue and gross-margin growth but declining figures everywhere else. The chipmaker has cut its forecast for the second half of the year, as well.

Here's a full look at the results for Intel as a whole...

  Q2 2012 Q1 2013 Q2 2013
Revenue $13.5 billion $12.6 billion $12.8 billion
Net income $2.8 billion $2.05 billion $2.00 billion
Gross margin 63.4% 56.2% 58.3%

...and for each of the company's product divisions:

  Q2 2012 Q1 2013 Q2 2013
PC Client Group $8.7 billion $8.0 billion $8.1 billion
Data Center Group $2.8 billion $2.6 billion $2.7 billion
Other IA Group $1.1 billion $1.0 billion $942 million

According to Reuters, Intel's second-quarter earnings are "in line" with analysts' expectations, but revenue fell slightly short of the expected $12.896 billion.

For the third quarter, Intel expects revenue to fall between $13-14 billion, with gross margin in the 59-63% range. That's potentially in line with last year's numbers. Q3 2012 revenue was $13.5 billion, and gross margin was 63.3%.

For 2013 as a whole, Intel now predicts flat revenue and a gross margin between 57% and 61%. Those figures are down from Intel's previous 2013 forecast, which called for "low single digit" revenue growth and a gross margin of 58-62%.

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