Intel Corporation is semiconductor chip maker that supplies the computing and communications industries with chips, boards, systems and software building blocks that are integral to computers, servers and networking and communications products. The Company offers products at various levels of integration, allowing customers to create advanced computing and communications systems

http://www.intc.com

"Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year," said Paul Otellini, Intel president and CEO. "As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe." 

                 Q2 2008           vs. Q2 2007     vs. Q1 2008
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Revenue          $9.5 billion      +9%             -2%
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Operating Income $2.3 billion      +67%            +9%
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Net Income       $1.6 billion      +25%            +11%
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EPS              28 cents          +27%            +12%
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Results for the quarter included significantly lower NOR flash memory  revenue along with restructuring and asset impairment charges of $96  million. Results for the first quarter of 2008 included the effects
 of restructuring and asset impairment charges that lowered EPS by 4  cents. Results for last year's second quarter included tax items that
 increased EPS by approximately 3 cents along with restructuring charges of $82 million.
Financial and Key Product Information 
-- Mobile microprocessor and chipset units both set records. 
-- Total microprocessor units were up sequentially and higher than seasonal. 
-- Gross margin of 55.4 percent was up from 53.8 percent in the first quarter and slightly below the midpoint of the previous expectation as growth in demand for lower-priced notebook PCs resulted in a lower than expected microprocessor average selling price. 
-- Restructuring and asset impairment charges of $96 million were lower than the previous expectation of approximately $250 million. 
-- The effective tax rate for the quarter was 31 percent, lower than the previous expectation of approximately 33 percent due to a tax settlement. 
-- The company used $2.5 billion to repurchase 109 million shares of its common stock. 
Business Outlook 
Intel's Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after July 14. 
Q3 200: 

-- Revenue: Between $10.0 billion and $10.6 billion. 
-- Gross margin: 58 percent plus or minus a couple of points. 
-- Spending (R&D plus MG&A): Approximately $2.9 billion. 
-- Restructuring and asset impairment charges: Approximately $60 million. 
-- Net gains or losses from equity investments and interest and other: Loss of approximately $30 million. 
-- Tax rate: Approximately 33 percent. 
-- Depreciation: Approximately $1.1 billion. 

Full-Year 2008: 
-- Gross margin: 57 percent plus or minus a couple of points, unchanged. 
-- R&D: Approximately $6 billion, unchanged. 
-- MG&A: Approximately $5.7 billion, versus the previous expectation of $5.5 billion. 
-- Capital spending: $5.2 billion plus or minus $200 million, unchanged. 
-- Tax rate for the fourth quarter: Approximately 33 percent, unchanged. 
-- Depreciation: $4.4 billion plus or minus $100 million, unchanged. 

INTEL POSTS RECORD FIRST QUARTER REVENUE OF $9.7 BILLION
Record Server Microprocessor Revenue 
Revenue up 9 Percent Year-over-Year
Gross Margin up 4 Points Year-over-Year 
Operating Income up 23 Percent Year-over-Year
Net Income $1.4 Billion; EPS 25 Cents
SANTA CLARA, Calif., April 15, 2008 - Intel Corporation today announced record first-quarter revenue of $9.7 billion, operating income of $2.1 billion, net income of $1.4 billion and earnings per share (EPS) of 25 cents. 
"Our first quarter results demonstrate a strengthening core business and a solid global market environment," said Paul Otellini, Intel president and CEO. "We saw healthy demand for our leading-edge processors and chipsets across all segments. Looking forward, we remain optimistic about our growth opportunities as we continue to reap the benefits of our 45nm technology leadership." 

INTEL FIRST-QUARTER REVENUE $8.9 BILLION > PDF
Operating Income $1.7 Billion, EPS 27 Cents
SANTA CLARA, Calif., April 17, 2007 - Intel Corporation today announced first-quarter revenue of $8.9 billion, operating income of $1.7 billion, net income of $1.6 billion and earnings per share (EPS) of 27 cents. The results included the effect of a $300-million reversal of previously accrued taxes that increased EPS by approximately 5 cents.
Financial and Key Product Trends
• First-quarter gross margin was 50.1 percent, higher than 49.6 percent in the previous quarter as lower microprocessor unit costs and the sale of previously reserved inventory more than offset the effects of higher 45 nanometer (nm) start-up costs and lower revenue.
• The company reached its goal of reducing the workforce to approximately 92,000 people, meeting the target one quarter ahead of schedule.
• Total microprocessor units were lower sequentially. The ASP was slightly lower driven by a lower mix within server processors, with desktop and mobile ASPs approximately flat.
• Chipset, motherboard and flash memory units were lower sequentially.
Business Outlook
The following expectations do not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after April 16.
Q2 2007 Outlook
• Revenue: Expected to be between $8.2 billion and $8.8 billion.
• Gross margin: 48 percent plus or minus a couple of points.
• Spending (R&D plus MG&A): Between $2.6 billion and $2.7 billion. In addition, the company expects a second-quarter restructuring charge of approximately $60 million.
• Net gains from equity investments and interest and other: Approximately $150 million.
• Tax rate: Approximately 31 percent.
• Depreciation: Between $1.1 billion and $1.2 billion.
2007 Outlook
• Gross margin: 51 percent plus or minus a few points, higher than the previous expectation of 50 percent plus or minus a few points.
• R&D: Approximately $5.6 billion, higher than the previous expectation of approximately $5.4 billion.
• MG&A: Approximately $5.1 billion, lower than the previous expectation of approximately $5.3 billion.
• Capital spending: $5.5 billion plus or minus $200 million, unchanged.
• Tax rate: Approximately 31 percent in the third and fourth quarters. The previous expectation was approximately 30 percent for the year.
• Depreciation: $4.8 billion plus or minus $100 million, unchanged.

Intel Multi-Core University Program Expands to 37 Chinese Universities
Intel Kicks Off National Multi-Core Programming Contest
INTEL DEVELOPER FORUM, Beijing, April 17, 2007 – Intel Corporation announced today the expansion of its Multi-core University program to 37 universities in China. The program provides Chinese university students training with industry-leading multi-core technology and cultivates the next generation of multi-core developers for the global IT industry. The announcement was made at the Intel Developer Forum, which runs through Tuesday at the Beijing International Convention Center.
Intel will expand its partnership to include another 32 additional universities in designing multi-core curriculum, research and training programs. Intel's Multi-core University Program promotes multi-core technology and focuses on cultivating innovative minds at top universities around the globe.