Financials and Filings

Recent Highlight

Recent Highlights

Intel Reports Second-Quarter Revenue of $13.8 Billion

SANTA CLARA, Calif., July 15, 2014 -- Intel Corporation today reported second-quarter revenue of $13.8 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.55. The company generated approximately $5.5 billion in cash from operations, paid dividends of $1.1 billion, and used $2.1 billion to repurchase 74 million shares of stock.

"Our second-quarter results showed the strength of our strategy to extend the reach of Intel technology from the data center to PCs to the Internet of Things," said Intel CEO Brian Krzanich. "With the ramp of our Baytrail SoC family, we have expanded into new segments such as Chrome-based systems, and we are on track to meet our 40 million unit tablet goal. In addition, we hit an important qualification milestone for our upcoming 14nm Broadwell product, and expect the first systems to be on shelves during the holidays."

Intel announced that it intends to return more cash to shareholders by lowering its cash balance further through increased share repurchases. The board of directors authorized an increase of $20 billion to its share repurchase program and the company is forecasting share repurchases of approximately $4 billion in the third quarter, with additional share repurchases in the fourth quarter. Over the last decade Intel has returned almost $90 billion to shareholders through dividends and share repurchases.

"This change in our capital structure is the continuation of a multi-year focus on creating value and returning cash to our shareholders, and reinforces our confidence in the business," said Stacy J. Smith, Intel CFO and executive vice president.

Q2 Key Business Unit Trends

  • PC Client Group revenue of $8.7 billion, up 9 percent sequentially and up 6 percent year-over-year.
  • Data Center Group revenue of $3.5 billion, up 14 percent sequentially and up 19 percent year-over-year.
  • Internet of Things Group revenue of $539 million, up 12 percent sequentially and up 24 percent year-over-year.
  • Mobile and Communications Group revenue of $51 million, down 67 percent sequentially and down 83 percent year-over-year.
  • Software and services operating segments revenue of $548 million, down 1 percent sequentially and up 3 percent year-over-year.

Financial Comparison

Quarterly

Q2 2014

Q1 2014

vs. Q1 2014

Revenue

$13.8 billion

$12.8 billion

up 8%

Gross Margin

64.5%

59.6%

up 4.9 points

R&D and MG&A

$4.9 billion

$4.9 billion

up 1%

Operating Income

$3.8 billion

$2.5 billion

up 53%

Tax Rate

28.7%

27.7%

up 1.0 point

Net Income

$2.8 billion

$1.9 billion

up 45%

Earnings Per Share

55 cents

38 cents

up 45%



Financial Comparison

Year-Over-Year

Q2 2014

Q2 2013

vs. Q2 2013

Revenue

$13.8 billion

$12.8 billion

up 8%

Gross Margin

64.5%

58.3%

up 6.2 points

R&D and MG&A

$4.9 billion

$4.7 billion

up 5%

Operating Income

$3.8 billion

$2.7 billion

up 41%

Tax Rate

28.7%

25.7%

up 3.0 points

Net Income

$2.8 billion

$2.0 billion

up 40%

Earnings Per Share

55 cents

39 cents

up 41%

2013 Highlights

Net Revenue
Diluted Earnings Per Share
Dividends Per Share Paid
Cash from Operations

Intel Corporation

Symbol: INTC
34.23 4:00 PM ET
07/28/14
-0.02 (-0.06%)
Volume 30.92 M
Market Cap 170.40 B
52 Week High 34.83
52 Week Low 21.89

UPCOMING EVENTS

08/11/14 at 2:00 PM
Pacific Crest Conference

09/09/14 at 2:00 PM
Intel Developers Forum

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