Intel Announces Q3 2012 Results: Revenue Of $13.5 Billion, EPS Of $0.58

Posted on Oct 16 2012 - 8:04pm by Editorial Staff

Intel logo1 Intel Reports Q2 Revenue Of $13.5 Billion, EPS $0.54

Intel today announced its third quarter 2012 results. The company reported quarterly revenue of $13.5 billion, operating income of $3.8 billion, net income of $3.0 billion and EPS of $0.58. The company generated approximately $5.1 billion in cash from operations, paid dividends of $1.1 billion and used $1.2 billion to repurchase stock.

Our third-quarter results reflected a continuing tough economic environment,” said Paul Otellini, Intel president and CEO. “The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we’re pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market.”

Q3 2012 Key Financial Highlights:

  • PC Client Group revenue of $8.6 billion, flat sequentially and down 8 percent year-over-year
  • Data Center Group revenue of $2.7 billion, down 5 percent sequentially and up 6 percent year-over-year
  • Other Intel® architecture group revenue of $1.2 billion, up 6 percent sequentially and down 14 percent year-over-year
  • Gross margin of 63.3 percent, 1.3 percentage points above the midpoint of the company’s updated expectation of 62 percent.
  • R&D plus MG&A spending $4.6 billion, unchanged.
  • Tax rate of 24 percent, below the company’s expectation of approximately 28 percent.

Q4 2012 (GAAP, unless otherwise stated)

  • Revenue: $13.6 billion, plus or minus $500 million.
  • Gross margin percentage: 57 percent and 58 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple of percentage points.
  • R&D plus MG&A spending: approximately $4.5 billion.
  • Amortization of acquisition-related intangibles: approximately $75 million.
  • Impact of equity investments and interest and other: approximately $75 million.
  • Depreciation: approximately $1.6 billion.
  • Tax Rate: approximately 27 percent.
  • Full-year capital spending: $11.3 billion, plus or minus $300 million.
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