Intel Reports Q2 Financials

Jul 15 2009, 7:00am CDT | by , in News | Technology News

Intel Reports Q2 Financials
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Intel has announced the financial results for Q2 2009 with overall revenue of $8 billion. Intel does point out that the earnings announced do not include the effects of the massive European Commission fine levied against it.

Intel reports a non-GAAP operating income of $1.4 billion and a net income of $1 billion with earnings per share of 18 cents. On a GAAP basis, Intel reports an operating loss of $12 million and a net loss of $398 million.

That equates to a loss of 7 cents per share. Gross margin for the quarter was higher than Intel expected at 50.8% and Intel says that the average selling price for microprocessors was down sequentially. At the same time, revenue from the Atom line was up 65% sequentially to $362 million.

Via Intel

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