Intel Posts Record $11 Billion Quarter

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It was just a few months ago when we talking about Intel posting a record profit for the quarter, despite the fact that the West – and even the world – was in the grips of an economy-crippling recession.

The chipmaker has done it again, however, with today’s earnings call.  Intel is reporting that Q2 profits added up to $2.9 billion, out of entire revenues of $10.8 billion. That’s an additional $2.7 billion of revenue YOY, compared to a yearly rise of $2.3 billion for Q4 of last year.

CEO Paul Otellini commented on the company’s best ever quarter, saying, “”The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future.”

Despite this record-breaking quarter, Intel expects the money to keep flowing, with Q3 numbers shooting up to between $11 and $12 billion.

Intel via AllThingsD



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