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Intel Q313 Results

M

mrmt

Diamond Member
http://www.intc.com/releasedetail.cfm?ReleaseID=797578&ReleasesType=Financial News


Q3 Key Financial Information and Business Unit Trends
PC Client Group revenue of $8.4 billion, up 3.5 percent sequentially and down 3.5 percent year-over-year.
Data Center Group revenue of $2.9 billion, up 6.2 percent sequentially and up 12.2 percent year-over-year.
Other Intel® architecture operating segments revenue of $1.1 billion, up 13.3 percent sequentially and down 9.3 percent year-over-year.
Gross margin of 62.4 percent, 1.4 percentage points above the midpoint of the company's prior expectation of 61 percent.
R&D plus MG&A spending of $4.7 billion, slightly below the company's prior expectation of approximately $4.8 billion.
Tax rate of 25 percent versus the company's prior expectation of 26 percent.

====================

Q4 forecast:

Revenue: $13.7 billion, plus or minus $500 million.
Gross margin percentage: 61 percent, plus or minus a couple of percentage points.
R&D plus MG&A spending: approximately $4.7 billion.
Amortization of acquisition-related intangibles: approximately $70 million.
Impact of equity investments and interest and other: approximately zero.
Depreciation: approximately $1.7 billion.
Restructuring and asset impairment charges: approximately $100 million.
Tax rate: approximately 25 percent.
Full-year capital spending: $10.8 billion, plus or minus $300 million.

======================

The company is on the brink of the bankruptcy. I'm sure that measures like lease back small buildings are strictly necessary to ensure company survival.


This statement is beyond opinion, and inflammatory.
Markfw900
Anandtech Moderator
 
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Intel is pushing production of Broadwell out to Q1|2014 from Q4|2013.

That transcript will be interesting.
 
Intel is as healthy as they have been in the recent years. but they have been blaming the "tough environment" for quite a while now
 
Those margins and R&D is simply impressive.

Seems PC segment is slowly hitting the bottom. It was only -0.2% in america.
 
Qualcomm, as a basis of comparison:

• Qualcomm Q3: Net income: $1.58 billion

INTC:

• INTC Q3: Net income of $3.0 billion

Just to be clear here, Revenue is not profit. NET INCOME IS PROFIT. Seems as though the predictions that fans of a certain company made of qualcomm killing INTC didn't quite happen, since intel doubled Qualcomm's profit levels.

Not too shabby for a corporation that is on the brink of bankruptcy. 😉 At least, that's what i've heard on this forum.
 
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Clearly implicit in Intel's results, is another significant drubbing they have given AMD and have taken more marketshare from them.

That console revenue better start flowing for them.
 
CHADBOGA said:
Clearly implicit in Intel's results, is another significant drubbing they have given AMD and have taken more marketshare from them.

That console revenue better start flowing for them.
Click to expand...

Yeah, with that kind of disappointing financial performance, Brian Krzanich (INTC CEO) will only be able to buy 3 personal jets this year. Not his usual 4. 😎
 
So, if PC sales dropped 8% YoY (according to Gartner), and Intel PC sales only dropped 3.5%, where is the rest of the sales drop?

I can only think of one other x86 manufacturer that had to of had a massive drop is sales to make up the difference.
 
Phynaz said:
So, if PC sales dropped 8% YoY (according to Gartner), and Intel PC sales only dropped 3.5%, where is the rest of the sales drop?

I can only think of one other x86 manufacturer that had to of had a massive drop is sales to make up the difference.
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That may be right what you're saying, but other reason is that "PC Sales" in reports mean coporate PCs without DYI parts & systems.

Branded PC sales - fall more than parts sales & PC made by micro-companies. Especially in desktop market.
 
Phynaz said:
So, if PC sales dropped 8% YoY (according to Gartner), and Intel PC sales only dropped 3.5%, where is the rest of the sales drop?
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You're mixing units and revenue.

AMD is a blip here, especially with notebooks playing such a huge part. The most likely scenario is that the lowest tiers of the x86 market either decided not to upgrade or picked up an ARM tablet + keyboard instead. The revenue effects of changes in the cheapest portion of the market are rather blunted.
 
There is actually another (correct) reason that will become very apparent on Thursday. AMD will outperform Intel in PC's. No hints other than that, sorry.
 
SiliconWars said:
There is actually another (correct) reason that will become very apparent on Thursday. AMD will outperform Intel in PC's. No hints other than that, sorry.
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Anyone can search all of your posts and see what your objective here is. I even tend to get a little over-the-top in the VC&G forum myself sometimes, but please leave it in that forum.

CPUs is the bastion of neutral information that is extremely refreshing. There are very knowledgeable people who I like to learn from. Don't soil it.
 
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blackened23 said:
Qualcomm, as a basis of comparison:

• Qualcomm Q3: Net income: $1.58 billion

INTC:

• INTC Q3: Net income of $3.0 billion

Just to be clear here, Revenue is not profit. NET INCOME IS PROFIT. Seems as though the predictions that fans of a certain company made of qualcomm killing INTC didn't quite happen, since intel doubled Qualcomm's profit levels.

Not too shabby for a corporation that is on the brink of bankruptcy. 😉 At least, that's what i've heard on this forum.
Click to expand...

I think it was SiliconWars who said Qualcomm would be making more money than Intel. In its worst quarter this year, Intel netted $2B. That's more than Qualcomm did in its best so far.
 
Intel17 said:
I think it was SiliconWars who said Qualcomm would be making more money than Intel. In its worst quarter this year, Intel netted $2B. That's more than Qualcomm did in its best so far.
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I think he looked at revenue and made assumptions based on that. The only problem is, as anyone who is versed in how to interpret a financial statement knows - revenue is not profit and never has been. As an example, I've seen some airlines with sky high revenue levels but due to equipment depreciation costs (among some other things, i'm simplifying here) , they're consistently posting net loss quarter after quarter with those expenditures taken into account. So yeah, revenue != profit. Net income is profit. Anyway, it's kind of annoying to see so many folks spout numbers from financial statements without having a clue of how to interpret it, but like someone else said - i'm pretty sure that facts are taking a back seat to spin in some of the other threads we've seen. 😉

Clearly intel is in a good spot right now. I just find the doom and gloom predictions from extremist fans of a certain company to be hilarious.
 
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