Earnings Webcast
Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.
Intel plans to report its earnings for the second quarter of 2012 on July 17. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, senior vice president and chief financial officer, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2 p.m. PDT at www.intc.com.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
| INTEL CORPORATION | |||||||||
| CONSOLIDATED SUMMARY STATEMENT OF INCOME DATA | |||||||||
| (In millions, except per share amounts) | |||||||||
| Three Months Ended | |||||||||
| March 31, | Dec. 31, | April 2, | |||||||
| 2012 | 2011 | 2011 | |||||||
| NET REVENUE | $ | 12,906 | $ | 13,887 | $ | 12,847 | |||
| Cost of sales | 4,641 | 4,935 | 4,962 | ||||||
| GROSS MARGIN | 8,265 | 8,952 | 7,885 | ||||||
| Research and development | 2,401 | 2,308 | 1,916 | ||||||
| Marketing, general and administrative | 1,973 | 1,973 | 1,775 | ||||||
| R&D AND MG&A | 4,374 | 4,281 | 3,691 | ||||||
| Amortization of acquisition-related intangibles | 81 | 72 | 36 | ||||||
| OPERATING EXPENSES | 4,455 | 4,353 | 3,727 | ||||||
| OPERATING INCOME | 3,810 | 4,599 | 4,158 | ||||||
| Gains (losses) on equity investments, net | (19) | 17 | 28 | ||||||
| Interest and other, net | 23 | (29) | 185 | ||||||
| INCOME BEFORE TAXES | 3,814 | 4,587 | 4,371 | ||||||
| Provision for taxes | 1,076 | 1,227 | 1,211 | ||||||
| NET INCOME | $ | 2,738 | $ | 3,360 | $ | 3,160 | |||
| BASIC EARNINGS PER COMMON SHARE | $ | 0.55 | $ | 0.66 | $ | 0.58 | |||
| DILUTED EARNINGS PER COMMON SHARE | $ | 0.53 | $ | 0.64 | $ | 0.56 | |||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||||||||
| BASIC | 4,999 | 5,069 | 5,452 | ||||||
| DILUTED | 5,192 | 5,242 | 5,606 | ||||||
