- Record Server Microprocessor Revenue
- Revenue up 9 Percent Year-over-Year
- Gross Margin up 4 Points Year-over-Year
- Operating Income up 23 Percent Year-over-Year
- Net Income $1.4 Billion; EPS 25 Cents
SANTA CLARA, Calif., April 15, 2008 - Intel Corporation today announced record first-quarter revenue of $9.7 billion, operating income of $2.1 billion, net income of $1.4 billion and earnings per share (EPS) of 25 cents.
"Our first quarter results demonstrate a strengthening core business and a solid global market environment," said Paul Otellini, Intel president and CEO. "We saw healthy demand for our leading-edge processors and chipsets across all segments. Looking forward, we remain optimistic about our growth opportunities as we continue to reap the benefits of our 45nm technology leadership."
It appears like business as usual for Intel despite the macro-economic turmoil affecting the financial industry. Strong server sales dominate the earning's call with frequent mention of grabbing market share from AMD (estimate ~$100M lost to Intel). AMD's situation is so awful that one analyst asks if Intel takes into consideration their competitor's "too dire" situation and how any of their actions could adversely affect the competition. However which way you read into that statement, it is like saying, "are you making sure you're not hurting AMD too much to kill it and just apply enough pressure to keep it half-dead on life support?"
Outlook for the second quarter and the rest of the year remains strong with plenty of optimism for Atom and a brief mention that Nehalem is on track. Business as usual for Intel with a strong product line-up means a lot of red ink on Thursday as AMD reports.