We reported yesterday that AMD plans to take a total of $948 million in charges for the past quarter, largely because of underperforming consumer electronics businesses and layoffs. So, how did things go at Intel over the same quarter? Pretty well, if the company’s latest earnings release is any indication.
For the second quarter of 2008, Intel says it had revenue of $9.5 billion, up a very healthy 9% from the same time frame a year before but down 2% compared to Q1 2008. The chipmaker has also posted net income of $1.6 billion, up an impressive 25% compared to Q2 2007 and up 11% from Q1 2008. Intel attributes the positive numbers to record mobile processor and chipset sales, higher-than-expected overall processor sales, and gross margin growth from 53.8% in the first quarter to 55.4% in Q2.
Fresh from another strong quarter, Intel expects revenue to go up to $10-10.6 billion in the third quarter, with gross margin to rise to 58%, give or take two points.