Intel report promising second quarter revenue
For the second quarter of 2008, Intel says it had revenue of $9.5 billion, up a very healthy 9% from the same time frame a year before but down 2% compared to Q1 2008. The chipmaker has also posted net income of $1.6 billion, up an impressive 25% compared to Q2 2007 and up 11% from Q1 2008. Intel attributes the positive numbers to record mobile processor and chipset sales, higher-than-expected overall processor sales, and gross margin growth from 53.8% in the first quarter to 55.4% in Q2.
Fresh from another strong quarter, Intel expects revenue to go up to $10-10.6 billion in the third quarter, with gross margin to rise to 58%, give or take two points.