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.