Strong PC demand lifts Intel's Q2 results

Intel recorded solid increases in revenue and net income in the second quarter as PC shipments grew faster than industry expectations.

Intel has ridden a wave of stronger-than-expected PC demand to post a solid increase in second-quarter revenue and net income.

Revenue was $US9.2 billion, up 15 per cent from last year and in line with analyst expectations as polled by Thomson First Call and with the company's midquarter update guidance in June. Net income was $US2 billion, up 16 per cent from last year. Earnings per share were $US0.33, slightly ahead of analyst expectations of $US0.32.

Notebook processors were in strong demand during the quarter, Intel said in a press release.

The company planned to boost its capital spending for the year to support higher demand for its products, it said.

Previously, IDC and Gartner reported that second-quarter PC shipments grew much more strongly than either researchers had anticipated based on the continued adoption of notebook PCs and aggressive cost-cutting by PC manufacturers.

Looking ahead to the third quarter, Intel predicted revenue would fall between $US9.6 billion and $US10.2 billion. The third and fourth quarters of a calendar year typically produce Intel's best results.

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Tom Krazit

IDG News Service
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