Intel Reports Second-Quarter Results

SANTA CLARA, Calif. — (BUSINESS WIRE) — July 14, 2009 — Intel Corporation today reported second-quarter revenue of $8.0 billion. Excluding the effects of the European Commission fine, the company had non-GAAP operating income of $1.4 billion, net income of $1.0 billion and EPS of 18 cents. On a GAAP-basis, the company reported an operating loss of $12 million, a net loss of $398 million and a loss per share of 7 cents.

“Intel’s second-quarter results reflect improving conditions in the PC market segment with our strongest first- to second-quarter growth since 1988 and a clear expectation for a seasonally stronger second half,” said Paul Otellini, Intel president and CEO. “Intel's strategy of investing in new technologies and innovative products, combined with ongoing focus on operating efficiencies, continues to yield benefits that are evident in our strengthening financial performance.”

Non-GAAP Results (excluding the EC Fine)
		Q2 2009		vs. Q2 2008		vs. Q1 2009
Revenue		$8.0 billion		down $1.4 billion		up $879 million
Operating Income/(Loss)		$1.4 billion		down $820 million		up $788 million
Net Income/(Loss)		$1.0 billion		down $552 million		up $420 million
Earnings/(Losses) Per Share		18 cents		down 10 cents		up 7 cents

GAAP Results (including the EC Fine)
		Q2 2009		vs. Q2 2008		vs. Q1 2009
Revenue		$8.0 billion		down $1.4 billion		up $879 million
Operating Income/(Loss)		($12) million		down $2.3 billion		down $659 million
Net Income/(Loss)		($398) million		down $2.0 billion		down $1.0 billion
Earnings/(Losses) Per Share		(7) cents		down 35 cents		down 18 cents

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