Intel has reported second-quarter 2010 revenue of US$10.8 billion, up 34% year-over-year. The company reported operating income of US$4.0 billion, net income of US$2.9 billion and EPS of 51 cents.
"Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," said Paul Otellini, Intel president and CEO. "Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future."
PC Client Group revenues were up 2% sequentially, with record mobile microprocessor revenues, according to the vendor. Data Center Group revenues were up 13% sequentially, with record server microprocessor revenue. Intel Atom microprocessor and chipset revenues totaled US$413 million, up 16% sequentially. The average selling price (ASP) for microprocessors was slightly up sequentially.
Gross margin was 67%, 3 percentage points higher than the midpoint of the company's expected range of 62-66%.
Intel expects third-quarter revenues to reach US$11.6 billion, plus or minus US$400 million. Gross margin will be 67%, plus or minus a couple percentage points.
For full-year 2010, gross margin will be 66%, plus or minus a couple percentage points. The company's prior expectation was 64%, plus or minus a couple percentage points.