PC shipments were up last quarter. Considering Intel did well even when the PC market was in a rut, it's no wonder the chipmaker's latest quarterly release touts record revenue and shipments. In fact, Intel says this is the first time it has shipped more than 100 million microprocessors in a single quarter.
|Q3 2014||Q3 2013||Change|
|Revenue||$14.6 billion||$13.5 billion||up 8%|
|Net income||$3.3 billion||$3.0 billion||up 12%|
|Gross margin||65.0%||62.4%||up 2.3 pts|
Intel CEO Brian Krzanich says the company "achieved [its] best-ever revenue" in the third quarter—along with what he calls "strong profits." The chipmaker also saw revenue growth across its PC client, data center, Internet of things, and software and services units. The Internet of Things Group enjoyed the strongest growth compared to last year (14%), but the PC Client Group wasn't far behind, with a 9% year-on-year surge in revenue.
Oh, and Intel has beaten analyst forecasts, too. According to Reuters, the average forecast was for $14.44 billion in revenue, just below the $14.6 billion the company reported this afternoon.
Looking forward to the fourth quarter, Intel expects revenue to fall in the $14.2-15.2 billion range with gross margin between 62% and 66%. That would be up from $13.8 billion revenue and a 62% margin for the same quarter a year ago.