Intel Posts Strong Third-Quarter Results

The harsh economy is making it harder than ever for companies to post profits, but Intel is one of the rarer exceptions. It isn’t only publishing impressive revenue reports, but is even exceeding its own expectations. So much so, that with the posted revenue of $9.4 billion for Q3, the company has experienced the strongest second-to-third-quarter growth in over 30 years. Now that’s impressive.

In addition to Q3 revenue, Intel also posted an operating income of $2.6 billion, net income of $1.9 billion, a gross margin increase from 51% to 58% and an earnings-per-share of $0.33. Thanks to these fantastic posted results, Intel’s stock (NASDAQ: INTC) closed yesterday at 20.49, which is the highest it’s been since last September. Between last fall and this past June, the stock has hovered between 12 – 16, but it’s been consistently on the rise since mid-June.

Intel’s CEO, Paul Otellini, states that the growth is proof of just how important computing is in people’s lives, especially during the recovery of a tough economy. He goes onto say that the company’s 32nm process technology will help usher in a new wave of innovation, with effected products ranging from Xeon to Atom. If this momentum continues, and signs are that it will, Intel’s Q4 reports may prove equally as impressive, if not more.

“Intel’s strong third-quarter results underscore that computing is essential to people’s lives, proving the importance of technology innovation in leading an economic recovery,” said Paul Otellini, Intel president and CEO. “This momentum in the current economic climate, plus our product leadership, gives us confidence about our business prospects going forward.