Intel Reports $12.9 Billion Revenue For Q1 2012

Posted on Apr 18 2012 - 5:53am by Editorial Staff

With the expectation quite high of Wall Street over on Intel Q1 revenue, the company has fulfilled what it aims to. The company has reported quarterly revenue of $12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and EPS of $0.53. The company generated approximately $3.0 billion in cash from operations, paid dividends of $1.0 billion and used $1.5 billion to repurchase stock. Wall Street was expecting Intel to report first quarter earnings of 50 cents a share on revenue of $12.84 billion and it has made it.

“The first quarter was a solid start to what’s expected to be another growth year for Intel,” said Paul Otellini, Intel president and CEO. “In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”

Q2 2012 (GAAP, unless otherwise stated)

  • Revenue: $13.6 billion, plus or minus $500 million.
  • Gross margin percentage: 62 percent and 63 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 $4.6 billion.
  • Amortization of acquisition-related intangibles: approximately $80 million.
  • Impact of equity investments and interest and other: loss of approximately $20 million.
  • Depreciation: approximately $1.6 billion.

Full-Year 2012 (GAAP, unless otherwise stated)

  • Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points, unchanged.
  • Spending (R&D plus MG&A): $18.3 billion, plus or minus $200 million, unchanged.
  • Amortization of acquisition-related intangibles: approximately $300 million, unchanged.
  • Depreciation: $6.4 billion, plus or minus $100 million, down $100 million from prior expectations.
  • Tax Rate: approximately 28 percent down from prior expectations of 29 percent.
  • Full-year capital spending: $12.5 billion, plus or minus $400 million, unchanged.
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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.