Intel reports $8.7 billion Q2 2007 revenue

Posted on Wednesday, Jul 18 2007 @ 13:27 CEST by Thomas De Maesschalck
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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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