http://techreport.com/news/28641/intel-reports-q2-financials-qualifies-skylake-chips-for-production
Sadly they no longer break out mobile, so we can't see what a disaster it is. The "client computing" bread and butter is down, but datacenter is up.
http://www.theregister.co.uk/2015/0...ates_because_nobody_expected_it_to_earn_much/
"Intel beats earnings estimates (because nobody expected it to earn much)
[...]
Once again, it was the Client Computing group which recently absorbed the virtually penniless Mobile Computing group that dragged its feet the most. Sales of PCs, laptops, and tablets were down 13.6 per cent, year on year, to $7.54bn. It was the unit's worst performance in four quarters.
Even worse, Client Computing's margins appear to be growing ever tighter. The unit's total operating income for the quarter was just $1.60bn, which was down a gruesome 38.6 per cent annually.
[...]
In light of that gloomy outlook, Chipzilla has embarked on austerity measures that include trimming back on R&D and once again lowering the axe on its workforce.
Its head count for Q2 of 2015 actually was up slightly from the previous sequential quarter, but CEO Brian Krzanich reportedly has a new wave of job cuts planned, mostly from Intel's facilities in Oregon, where the chipmaker is the state's largest private employer."
http://www.fool.com/investing/gener...lts-top-expectat.aspx?source=eogyholnk0000001Intel (NASDAQ:INTC)reported results for the second quarter of 2015 after the market close today, and the tech titan's revenue and earnings exceeded Wall Street's expectations. Investors cheered the news, and as of 5:30 p.m., shares were up 3% in after-hours trading.
Intel's revenue declined 5% year over year to $13.2 billion, matching the company's own guidance and exceeding analysts' estimates of $13.0 billion. Gross margin fell two percentage points to 62.5% -- which was slightly higher than the 62% Intel forecasted -- primarily because of higher costs and lower overall unit volumes.
Intel's lower revenue and gross margin led to a sharp 25% decline in operating income to $2.9 billion. A lower effective tax rate lessened the hit to net income, which fell only 3% to $2.7 billion. Share buybacks further mitigated the impact to earnings per share, which remained flat year over year at $0.55 and ahead of the $0.50 Wall Street was expecting.
Intel beats estimates again.
For the full year, management lowered its revenue guidance and is now forecasting a decline of 1% compared with 2014, versus its previous expectation of revenue remaining flat year over year. Gross margin, however, is now expected to be 61.5%, up from a previous estimate of 61%.
http://www.theregister.co.uk/2015/0...ates_because_nobody_expected_it_to_earn_much/
"Once again, it was the Client Computing group – which recently absorbed the virtually penniless Mobile Computing group – that dragged its feet the most. Sales of PCs, laptops, and tablets were down 13.6 per cent, year on year, to $7.54bn. It was the unit's worst performance in four quarters.
Even worse, Client Computing's margins appear to be growing ever tighter. The unit's total operating income for the quarter was just $1.60bn, which was down a gruesome 38.6 per cent annually."
Intel said:Client Computing Group had revenue of $7.5B, down 14% with platform volumes down 10% and
platform average selling prices down 3%. Desktop platform volumes were down 22% and desktop
platform average selling prices were up 6%. Notebook platform volumes were down 11% and
notebook platform average selling prices were down 2%. Tablet volumes were up 11% and
Desktop is dead, dead, dead.
Think AMD is going to pull off anything close to that [61% gross margin]
Along AMD and nVIDIA. R.I.P gaming.Desktop is dead, dead, dead.
Desktop is dead, dead, dead.
I do want to know what bumped impairment up so high though.
It's not necessarily impairment, it could be restructuring charges too... or screw ups from the failed 10nm ramp up.
I think that a big part of the decline is that OEMs are managing desktop inventories very low ahead of Skylake. Who wants to be stuck holding Haswell inventory with Skylake is imminent?
Also, desktops saw a big surge last year due to XP refresh, so the compare on a y/y basis is much tougher.
I think it's restructuring. "Screw ups" from the 10nm ramp would probably show up as startup charges which AFAIK impacts COGS/gross profit margin. I don't think it would show up under the "impairment" line item.
We know that you hate it that Intel had another killer quarter
How exactly, are you defining "killer quarter"? By them losing less money than they thought they'd lose? That might be damage limitation but it's still damage.
How would you define a quarter where they increased profits?
Intel did not lose money this quarter.
I do not know what "killer quarter" means, but I do know that "losing money" means they have a negative income. Intel has positive income, both operational and net. They are definitely not losing money.How exactly, are you defining "killer quarter"? By them losing less money than they thought they'd lose?