Intel announces it had a record third quarter revenue of $14.6 billion with a net income of $3.3 billion, or 66 cents per share. That's slightly better than analyst's expectations, which were $14.45 billion for the revenue and 65 cents for the earnings.
The chip giant says that for the first time ever, it shipped over 100 million processors in a single quarter. All of Intel's major divisions reported significant revenue gains, only the mobile and communications group still looks like a dud with net revenue of just $1 million last quarter and an operating loss of over $1 billion as Intel heavily subsidizes its mobile chips in an attempt to capture marketshare.
Third-Quarter revenue of $14.6 billion, up $1.1 billion or 8 percent year-over-year
Record quarterly unit shipments of PCs, servers, tablets, phones and Internet of Things, the first time Intel has shipped more than 100 million microprocessors in a quarter
Operating income of $4.5 billion, up 30 percent year-over-year
Completed $4.2 billion share repurchase
SANTA CLARA, Calif., October 14, 2014 -- Intel Corporation today reported third-quarter revenue of $14.6 billion, operating income of $4.5 billion, net income of $3.3 billion and EPS of $0.66. The company generated approximately $5.7 billion in cash from operations, paid dividends of $1.1 billion, and used $4.2 billion to repurchase 122 million shares of stock.
"We are pleased by the progress the company is making," said Intel CEO Brian Krzanich. "We achieved our best-ever revenue and strong profits in the third quarter. There is more to do, but our results give us confidence that we’re successfully executing to our strategy of extending our products across a broad range of exciting new markets."
Q3 Key Business Unit Trends
PC Client Group revenue of $9.2 billion, up 6 percent sequentially and up 9 percent year-over-year.
Data Center Group revenue of $3.7 billion, up 5 percent sequentially and up 16 percent year-over-year.
Internet of Things Group revenue of $530 million, down 2 percent sequentially and up 14 percent year-over-year.
Mobile and Communications Group revenue of $1 million, consistent with expectations.
Software and services operating segments revenue of $558 million, up 2 percent sequentially and up 2 percent year-over-year.