Intel Corp. on Tuesday said that it had earned the highest revenue in its history during the second quarter of its financial 2010. Thanks to great demand towards microprocessors across the board and increasing demand from corporate sector, Intel reported whopping $10.8 billion in revenue.
"Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history. Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future,” said Paul Otellini, Intel president and chief executive officer.
Intel reported second-quarter revenue of $10.8 billion, up 34% year-over-year. The company reported operating income of $4.0 billion, net income of $2.9 billion and EPS of 51 cents.
The world’s largest chipmaker also indicated that PC client group revenue was up 2% sequentially to $7.8 billion, with record mobile microprocessor revenue. Data center group revenue was up 13% sequentially to $2.1 billion, with record server microprocessor revenue. Intel Atom microprocessor and chipset sales were $413 million, up 16% sequentially.
The average selling price (ASP) for microprocessors was slightly up sequentially thanks to strong sales of server products. Gross margin was 67%, 3 percent points higher than the midpoint of the company's expected range of 62 to 66%.
Intel expects Q3 2010 revenue to be $11.6 billion, plus or minus $400 million. Gross margin is projected to be around 67%, plus or minus a couple percentage points.