Intel reports $8.7 billion Q2 2007 revenue

Intel announced a revenue of $8.7 billion for the second quarter of this year, which is 8 percent more than last year. The firm had an operating income of $1.35 billion, net income of $1.3 billion and earnings per share (EPS) of 22 cents. The results include tax items that increased EPS by approximately 3 cents along with restructuring charges of $82 million.

The financial statement also included some details that while the average price of processors dropped, the increased shipments made up for it:

Financial and Key Product Trends
Second-quarter gross margin was 46.9 percent, lower than the midpoint of the previous expectation. Microprocessor margins were as expected with higher unit shipments offset by lower average selling prices (ASPs). Demand for NOR flash products was lower than expected, resulting in impacts that lowered Intel's gross margin by one point. Total microprocessor units were higher sequentially; the ASP was lower. Chipset units set a record during the quarter. Flash memory units were higher sequentially while motherboard units were lower.