Intel Reports Second-Quarter Results

SANTA CLARA, Calif. — (BUSINESS WIRE) — July 14, 2009 Intel Corporation today reported second-quarter revenue of $8.0 billion. Excluding the effects of the European Commission fine, the company had non-GAAP operating income of $1.4 billion, net income of $1.0 billion and EPS of 18 cents. On a GAAP-basis, the company reported an operating loss of $12 million, a net loss of $398 million and a loss per share of 7 cents.

“Intel’s second-quarter results reflect improving conditions in the PC market segment with our strongest first- to second-quarter growth since 1988 and a clear expectation for a seasonally stronger second half,” said Paul Otellini, Intel president and CEO. “Intel's strategy of investing in new technologies and innovative products, combined with ongoing focus on operating efficiencies, continues to yield benefits that are evident in our strengthening financial performance.”

Non-GAAP Results (excluding the EC Fine)
    Q2 2009   vs. Q2 2008   vs. Q1 2009
Revenue   $8.0 billion   down $1.4 billion   up $879 million
Operating Income/(Loss)   $1.4 billion   down $820 million   up $788 million
Net Income/(Loss)   $1.0 billion   down $552 million   up $420 million
Earnings/(Losses) Per Share   18 cents   down 10 cents   up 7 cents
GAAP Results (including the EC Fine)
    Q2 2009   vs. Q2 2008   vs. Q1 2009
Revenue   $8.0 billion   down $1.4 billion   up $879 million
Operating Income/(Loss)   ($12) million   down $2.3 billion   down $659 million
Net Income/(Loss)   ($398) million   down $2.0 billion   down $1.0 billion
Earnings/(Losses) Per Share   (7) cents   down 35 cents   down 18 cents

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