Intel posts record quarter

Jul 14, 2010
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Intel posts record quarter

Intel offered up its quarterly earnings report for Q2 2010 yesterday and posted its best quarter ever. I guess that means things have turned around for the tech industry overall. Intel reported $4 billion operating income for the quarter.

Net income for the quarter was $2.9 billion with earnings per share of 51 cents. Intel CEO Paul Otellini said that strong demand from corporate customers helped Intel post the best quarter in the history of the company.

The $10.8 billion in revenue is up $466 million compared to last quarter and up a massive $2.9 billion from Q2 2009. Intel also reported that Atom CPU and chipset revenue was $413 million. Intel is predicting $11.6 billion in revenue for Q3 2010.


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