Chip giant posts best ever Q2 figures

Intel smashes revenue records

As rivals AMD and Nvidia feel the pinch of deepening economic global strife, Intel has bucked the trend with a storming $9.5 billion second quarter revenue.

The figure represents a nine per cent increase on the same period last year, and is the highest Q2 revenue the firm has ever recorded.

Meanwhile operating income was up a spectacular 67 per cent to 2.3 billion, while net income shot up 25 per cent to $1.6 billion, and earnings per share were up 27 per cent to 28 cents.

Record sales of mobile microprocessors and chipsets and lower than expected restructuring charges ($96 million compared to a predicted $250 million) were highlighted as contributing factors to the strong results.

"Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year," said Paul Otellini, Intel president and CEO. "As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe."

Looking forward the chip maker predicts revenues to continue to rise, with Q3 figures falling between $10 billion and $10.6 billion.

It also estimates 57 per cent gross margin for the full year.

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