Industry Expert Blogs

Intel (NASDAQ:INTC) just reported the best quarter in its history with a record profit of $2.9 billion driven by the boost in corporate PC buying. Intel has been eyeing the smartphone microprocessor market, which is dominated by ARM. Let’s take a closer look.

In its second quarter, Intel reported revenue of $10.8 billion, up 34%. Net income was $2.9 billion or $0.51 per share up 175% over last year’s profit of $1.1 billion. Gross margin was 67% up from 63.4% last quarter. Intel ended the quarter with $18 billion in cash and investments, $1.4 billion higher than last quarter. During the quarter, it paid $900 million in dividends and purchased over $1 billion in capital assets.

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