Intel reports jump in profit, revenue for Q4

Intel's net income hits US$2.3 billion, which is up 875 percent

Intel on Thursday reported US$2.3 billion in profit for the fourth quarter of 2009, in a strong financial showing driven by an increase in spending on PC and server chips.

On a GAAP (generally accepted accounting principles) basis, Intel's net income was up 875 percent compared to the $234 million the company reported in the same quarter last year. Fourth-quarter 2008 results were affected by the recession and by nearly $1 billion in investments Intel made in Clearwire.

The most recent quarterly results beat estimates of $1.92 billion from analysts polled by Thomson Reuters. Earnings per share on a GAAP basis were $0.40 for the quarter.

Revenue for the quarter, which ended Dec. 26, was $10.6 billion, a 28 percent gain compared to the same quarter last year. Revenue also beat analyst estimates of $10.17 billion.

Excluding a $1.25 billion payment Intel made in November to Advanced Micro Devices to settle antitrust and patent disputes, Intel's profit for the fourth quarter was $3.1 billion, up 267 percent year-over-year.

"The fourth quarter was a strong ending to a year with a very difficult beginning," said Stacy Smith, Intel's chief financial officer, in a statement. The company is seeing consumer demand return after a precipitous drop at the end of 2008 and early 2009, he said.

Intel expects revenue for the first quarter of 2010 to be $9.7 billion, plus or minus $400 million, the company said in a statement. The company earlier this month announced its first chips made using the latest 32-nanometer manufacturing process. The highly integrated Core i3, Core i5 and Core i7 chips for desktops and laptops bring better graphics capabilities and system performance to PCs while consuming less power.

Join the PC World newsletter!

Error: Please check your email address.

Tags AMDfinancial resultsintel

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?