Intel
reported full-year revenue of $54 billion, operating income of $17.5
billion, net income of $12.9 billion and EPS of $2.39 -- all records.
The company generated approximately $21 billion in cash from operations,
paid dividends of $4.1 billion and used $14.1 billion to repurchase 642
million shares of stock.
For the fourth quarter, Intel posted revenue of $13.9 billion, operating
income of $4.6 billion, net income of $3.4 billion and EPS of 64 cents.
The company generated approximately $6.6 billion in cash from
operations, paid dividends of $1.1 billion and used $4.1 billion to
repurchase 174 million shares of stock.
Wall Street was looking for profits
of 61 cents per share, on revenue of $13.7 billion.
“2011 was an exceptional year for
Intel,” said Paul Otellini, Intel president and CEO. “With outstanding
execution the company performed superbly, growing revenue by more than
$10 billion and eclipsing all annual revenue and earnings records. With
a tremendous product and technology pipeline for 2012, we’re excited
about the global growth opportunities presented by Ultrabook systems,
the data center, security and the introduction of Intel-powered
smartphones and tablets.”
Q4 Business unit revenue:
PC Client Group revenue of $9
billion, up 17 percent year-over-year.
Data Center Group revenue of
$2.7 billion, up 8 percent year-over-year.
Other Intel® architecture
group revenue of $1.1 billion, up 35 percent year-over-year.
Intel® Atom™ microprocessor
and chipset revenue of $167 million, down 57 percent year-over-year.
McAfee Inc. and Intel Mobile
Communications contributed revenue of approximately $1 billion.
Full Year Business
unit revenue:
PC Client Group had revenue
of $35.4 billion, up 17% from 2010.
Data Center Group had revenue
of $10.1 billion, up 17% from 2010.
Other Intel architecture
group had revenue of $5.0 billion, up 64% from 2010.
Intel Atom microprocessor and
chipset revenue of $1.2 billion, down 25% from 2010.
McAfee Inc. and Intel Mobile
Communications contributed revenue of $3.6 billion.
Business Outlook
Q1 2012 (GAAP, unless otherwise
stated)
Revenue: $12.8 billion, plus
or minus $500 million.
Gross margin percentage: 63
percent and 64 percent Non-GAAP (excluding amortization of
acquisition-related intangibles), both plus or minus a couple
percentage points.
R&D plus MG&A spending:
approximately $4.4 billion.
Amortization of
acquisition-related intangibles: approximately $75 million.
Impact of equity investments
and interest and other: approximately zero.
Depreciation: approximately
$1.5 billion.
Full-Year 2012 (GAAP, unless
otherwise stated)
Gross
margin percentage: 64 percent and 65 percent Non-GAAP (excluding
amortization of acquisition-related intangibles), both plus or minus
a few percentage points.
Spending (R&D plus MG&A):
$18.3 billion, plus or minus $200 million.
R&D spending: approximately
$10.1 billion.
Amortization of
acquisition-related intangibles: approximately $300 million.
Depreciation: $6.5 billion,
plus or minus $100 million.
Tax Rate: approximately 29
percent.
Full-year capital spending:
$12.5 billion, plus or minus $400 million.
Intel
reported full-year revenue of $54 billion, operating income of $17.5
billion, net income of $12.9 billion and EPS of $2.39 -- all records.
The company generated approximately $21 billion in cash from operations,
paid dividends of $4.1 billion and used $14.1 billion to repurchase 642
million shares of stock.