Intel’s second-quarter revenue may have been down 2% from the first quarter, but the $9.2 billion is still 15% higher than it was for the same quarter a year ago.
The company’s second-quarter net income was $2 billion, a 16% increase from the year before, but down 6% from the first quarter. Intel’s earnings per share were 33 cents, up 22 percent from last year and down 6% from the first quarter.
The world’s largest chip maker said total microprocessor shipments for the quarter set records, while chips designed specifically for mobile computers jumped 68 percent over last year. Flash memory chips used in cell phones and wireless chips also saw record shipments.
Intel also set revenue records in emerging markets, including China, and it posted double year-over-year growth in Latin America.
“Our investments in new products, advanced silicon capacity and emerging markets are paying off with growth that is outpacing the industry,” said Otellini.
“We look forward to the second half of 2005 as we ramp dual-core microprocessors into high volume, begin production on our 65nm process technology and deliver innovative new platforms,” Otellini added.
There are a couple of things to factor into the difference of the first and second quarters. The first quarter had one more business week than the second as the result of a 53-week fiscal year. Also, Intel’s second quarter results included a tax adjustment related to an increase in estimated research and development credits for prior years.
Chris is a staff writer for Murdok. Visit Murdok for the latest ebusiness news.
