Intel reports record Q3 2011 earnings results

Oct 18, 2011
Intel reports record Q3 2011 earnings results

On the same day that Apple posted its somewhat disappointing Q4 earnings results, Intel is reporting the opposite with record-breaking Q3 earnings. The chipmaker surpassed the $14 billion revenue mark for the first time, reporting $14.2 billion in GAAP revenue, which has increased 28 percent from the year before, up $3.1 billion. Its net profit came in at $3.5 billion, up by $513 million or about 17 percent year-over-year.

This is the sixth consecutive record-breaking quarter for the company, revealing strong double-digit growth in notebook PCs. The PC Client Group revenue was $9.4 billion, up 22 percent from the same quarter last year. The continued growth in data centers for mobile and cloud computing has also fueled Intel's sales with the Data Center Group revenue at $2.5 billion, up 15 percent year-over-year.

McAffee and Intel Mobile Communications contributed revenue of $1.1 billion while Intel's other architecture group experienced a 68 percent year-over-year revenue growth. However, Intel Atom revenue dropped by 32 percent to $269 million. Gross margin reached 63.4 percent, but is 0.6 percent short of the company's expectations.

[via Intel]

Must Read Bits & Bytes