Intel posts record quarterly, yearly results


There's no stopping Intel, it seems. Barely two weeks after the thunderous launch of its Sandy Bridge processors, the chipmaker has published eye-popping financial results for the past quarter. Revenue, operating income, net income, and earnings per share all broke records—not just for the fourth quarter of 2010, but for the year as a whole.

One thing at a time... let's first take a gander at the quarterly numbers:

  Q4 2009 Q3 2010 Q4 2010
Revenue $10.6 billion $11.1 billion $11.5 billion
Net income $2.3 billion $3.0 billion $3.4 billion
Gross margin 65% 66% 67.5%

I'm not sure what's the most jaw-dropping figure, but it might well be that Q4 2010 gross margin. For reference, AMD's own margin was a solid 20 points behind last quarter. Remember, AMD sold off its fabs.

Now, let's compare Intel's 2010 to past years:

  2008 2009 2010
Revenue $37.6 billion $35.1 billion $43.6 billion
Net income $5.3 billion $4.4 billion $11.7 billion
Gross margin 55% 55.7% 66%

To say Intel had a good year would be quite an understatement. Admittedly, the company's 2009 results were marred by the European Commission's $1.45-billion fine and its $1.25-billion settlement with AMD. Excluding those charges, Intel says it would have posted net income of $6.6 billion in 2009. No matter how you cut it, though, $11.7 billion is quite a leap forward.

Looking at the ongoing quarter, Intel expects revenue to fall within the rather broad range of $11.1 to $11.9 million, with gross margin to equal 62-66%. As for the ongoing calendar year, Intel is predicting its gross margin will be around 63-67%.

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