Intel Corp. today reported quarterly revenue of $13.5 billion,
operating income of $3.8 billion, net income of $3.0 billion and EPS of
$0.58. The company generated approximately $5.1 billion in cash from
operations, paid dividends of $1.1 billion and used $1.2 billion to
repurchase stock.
"Our third-quarter results reflected a continuing tough economic
environment," said Paul Otellini, Intel president and CEO. "The world of
computing is in the midst of a period of breakthrough innovation and
creativity. As we look to the fourth quarter, we're pleased with the
continued progress in Ultrabooks and phones and excited about the range
of Intel-based tablets coming to market."
Business Outlook
Intel's Business Outlook does not include the potential impact of any
business combinations, asset acquisitions, divestitures or other
investments that may be completed after Oct. 16.
Q4 2012 (GAAP, unless otherwise stated)
Revenue: $13.6 billion, plus or minus $500 million.
Gross margin percentage: 57 percent and 58 percent Non-GAAP (excluding
amortization of acquisition-related intangibles), both plus or minus a
couple of percentage points.
R&D plus MG&A spending: approximately $4.5 billion.
Amortization of acquisition-related intangibles: approximately $75
million.
Impact of equity investments and interest and other: approximately $75
million.
Depreciation: approximately $1.6 billion.
Tax Rate: approximately 27 percent.
Full-year capital spending: $11.3 billion, plus or minus $300 million.
For additional information regarding Intel's results and Business
Outlook, please see the CFO commentary at: www.intc.com/results.cfm.
Status of Business Outlook
Intel's Business Outlook is posted on intc.com and may be reiterated in
public or private meetings with investors and others. The Business
Outlook will be effective through the close of business Dec. 14 unless
earlier updated; except that the Business Outlook for amortization of
acquisition-related intangibles, impact of equity investments and
interest and other, and tax rate, will be effective only through the
close of business on Oct. 23. Intel's Quiet Period will start from the
close of business on Dec. 14 until publication of the company's
fourth-quarter earnings release, scheduled for Jan. 17, 2013. During the
Quiet Period, all of the Business Outlook and other forward-looking
statements disclosed in the company's news releases and filings with the
SEC should be considered as historical, speaking as of prior to the
Quiet Period only and not subject to an update by the company.
Earnings Webcast
Intel will hold a public webcast at 2 p.m. PDT today on its Investor
Relations website at www.intc.com.
A webcast replay and MP3 download will also be available on the site.
Intel plans to report its earnings for the fourth quarter of 2012 on
Jan. 17, 2013. Immediately following the earnings report, the company
plans to publish a commentary by Stacy J. Smith, senior vice president
and chief financial officer, at www.intc.com/results.cfm.
A public webcast of Intel's earnings conference call will follow at 2
p.m. PDT at www.intc.com.
