Intel posts record third-quarter revenue, earnings

The economy might be sputtering, but Intel is doing better than ever, at least judging by the company's third-quarter results announcement. The chipmaker claims to have broken several records: microprocessor units, earnings per share, earnings, and revenue. Intel CEO Paul Otellini sounds pretty enthused:

"Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs," said Paul Otellini, Intel president and CEO. "We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing."

Here are the third-quarter numbers, next to data for the second quarter and the third quarter of last year:

  Q3 2010 Q2 2011 Q3 2011
Revenue $11.1 billion $13 billion $14.2 billion
Net income $3 billion $3 billion $3.5 billion
Gross margin 66% 61% 63.4%

Looking at its individual business units, Intel says revenue 22% for its PC client group and 15% for its data center group.  Somewhat cryptically, it said revenue for its other Intel architecture groups surged 68% year over year, too. Revenue from Atom processors and chipsets continued to fall, meanwhile, tumbling 32% compared to the same quarter a year ago.

For the fourth quarter, Intel expects revenue in the $14.2-15.2 billion range, while gross margin should fall somewhere between 64% and 68%. If everything goes as it has foreseen, Intel could be setting itself up for yet another record-breaking quarter. Too bad for AMD, which issued a warning on its third-quarter results last month.

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