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]