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.

Comments closed
    • luisnhamue
    • 8 years ago

    like expected. and it will keep growing this quarter, due to AMD failure.

    If Sandy Bridge was being sold like cake because it’s actually good, now it will be sold simply because there are no more cakes elsewhere.

    • codedivine
    • 8 years ago

    With AMD unfortunately doing so badly nowadays, no wonder Intel is doing great.

      • UberGerbil
      • 8 years ago

      AMD has had a negligible effect on Intel’s earnings for several years now (in terms of marketshare and thus gross revenue at least, especially at the high end; we could play the ASP what-if game, but increasingly ARM-licensees are going to be taking over that role at the low end).

      • dashbarron
      • 8 years ago

      It is mind-boggling that so many people here see this as a surprise. With how many delays Bulldozer had the writing was on the wall a long time ago.

      Also see Duke Nukem.

    • sweatshopking
    • 8 years ago

    you don’t say?! intel? record quarter?! does it even need to be posted to the news anymore?

      • NeelyCam
      • 8 years ago

      It would be news if it wasn’t a record quarter.

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