Intel said:SANTA CLARA, Calif., July 17, 2013 -- Intel Corporation today reported second-quarter revenue of $12.8 billion, operating income of $2.7 billion, net income of $2.0 billion and EPS of $0.39. The company generated approximately $4.7 billion in cash from operations, paid dividends of $1.1 billion, and used $550 million to repurchase 23 million shares of stock.
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Q2 Key Financial Information and Business Unit Trends
PC Client Group revenue of $8.1 billion, up 1.4 percent sequentially and down 7.5 percent year-over-year.
Data Center Group revenue of $2.7 billion, up 6.1 percent sequentially and flat year-over-year.
Other Intel® Architecture Group revenue of $942 million, down 3.7 percent sequentially and down 15.0 percent year-over-year.
Gross margin of 58 percent, up 2 percentage points sequentially and down 5 percentage points year-over-year.
R&D plus MG&A spending of $4.7 billion, in line with the company's expectation of approximately $4.7 billion.
Tax rate of 26 percent.
Link please?BTW, there will be a Silvermont powered Galaxy TAB 3.
This is part of the highlights for Q2 and Intel would certainly not call New Atom a Bay Trail chip.New Intel® Atom processor and Intel LTE solution tapped for Samsung* GALAXY Tab-3 10.1-inch
Link please?
Because I think you have taken it wrong:
http://www.intc.com/releasedetail.cfm?releaseid=778043
This is part of the highlights for Q2 and Intel would certainly not call New Atom a Bay Trail chip.
Not bad for a desperate company that is dumping old inventory.
http://www.intc.com/releasedetail.cfm?ReleaseID=778043&ReleasesType=Financial News
BTW, there will be a Silvermont powered Galaxy TAB 3.
The Data Center results don't look that good. I (and the community) had expected an increase there but the revenue is flat YoY and income slightly decreasing.Looks very good.
I would hardly call Intel desperate.
The Data Center results don't look that good. I (and the community) had expected an increase there but the revenue is flat YoY and income slightly decreasing.
maintaining the overall revenue even after losing 7.5% revenue in PC sales is really good.
It gets worse the closer you look at it. They have admitted that channel inventory has grown when Haswell was supposed to be saving the skin of the PC this quarter. Chinese sales are also struggling (this one will hit AMD hard as well).
It's easy to see why they need Bay Trail to be a huge success.
"desperate company"?
maintaining the overall revenue even after losing 7.5% revenue in PC sales is really good.
The "other Intel architecture group" consisting of tablets and phones etc seems to be going the way of Nvidia's Tegra. A $608 million loss is incredible (double Q1 loss and double 6-months yoy loss), what is going on there?
The Data Center results don't look that good. I (and the community) had expected an increase there but the revenue is flat YoY and income slightly decreasing.
Intel had some bright spots this quarter, namely their data center group, which Intel has relied on to help make their numbers over the past few quarters. Intel cited that both the storage and cloud markets were highlights, up 40%, while networking was up 20%. Intels data center success is attributable to locking up close to over 95% of the server market processors and from growth in mobility, namely smartphones, who need datacenter performance to do what they need to do.
Not certain I'd put it all on bay trail quite yet - Haswell systems are only now starting to trickle into retail with the majority of systems still being IVB based. Important part being that it looks like the Haswell based systems are starting to show up now in time for BTS sales. Though there will be even more interesting designs coming out with the release of windows 8.1 due to dpi scaling being a necessity on high resolution screens.
PC Client Group revenue ... down 7.5 percent year-over-year.
Data Center Group revenue ... flat year-over-year.
Other Intel® Architecture Group revenue ... down 15.0 percent year-over-year.
Gross margin of 58 percent ... down 5 percentage points year-over-year.
Time to put out a 300w 8 core Ivy Bridge.
Revenue is flat but operating income is down over 10% YoY. It's hard to get away from it - Intel is basically down 1/3rd in operating income over all segments since last year.
What is scary is that you know they are pulling out the stops (like they always do). Intel never lets up, they give it everything to make the most money they can quarter after quarter.
PC volume sales are up 5% sequentially, but ASP's are down 3%. The channel is over-stuffed to the point where it can't take much more. All the while everybody assumes that Q3 is going to turn up as usual and save the PC's bacon.