Intel Jumps After Strong Earnings, Billions More In Buybacks, Awesome PC Chip Sales, And A Good Outlook

Intel CEO Paul Otellini

Photo: AP

Shares of chipmaker Intel are up over 3.5% after hours after the company reported solid earnings, and a crankedup share buyback plan.First, the key numbers:

  • EPS of $.69 was well ahead of the $.61 estimated.
  • Revenue of $14.23 billion handily exceeded estimates of $13.87 billion.
  • Meanwhile, the company’s share buyback plan was increased by $10 billion.

Both revenue and earnings were, yes, another record.

Impressive is how well the PC business is doing:

  • Business unit trends: PC Client Group revenue of $9.4 billion, up 22 per cent year-over-year. Data centre Group revenue of $2.5 billion, up 15 per cent year-over-year. Other Intel® architecture group revenue up 68 per cent year-over-year. Intel® Atom™ microprocessor and chipset revenue of $269 million, down 32 per cent year-over-year.
  • PC Client Group revenue of $9.4 billion, up 22 per cent year-over-year.
  • Data centre Group revenue of $2.5 billion, up 15 per cent year-over-year.
  • Other Intel® architecture group revenue up 68 per cent year-over-year.
  • Intel® Atom™ microprocessor and chipset revenue of $269 million, down 32 per cent year-over-year.

For Q4, Intel sees revenue of $14.7 billion, which is ahead of the existing $14.3 billion.

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