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Intel profits fall by 57%

Revenue drops by 13 per cent
Wed Jul 19 2006, 22:33
CHIP FIRM Intel said it had turned in net income of $1.1 billion on revenues of $8 billion for its fiducial second quarter.

That represents a drop of 13 per cent in revenues compared to the same quarter last year, but net income fell by 57 per cent, period on period, year on year.

Intel turned in a Q2 gross margin of 52.1 per cent. Chipset units were flat, mobo units were higher, and so were flash memory units. However, total microprocessor units were lower and so was the average selling price.

The firm said CPU unit sales were "below seasonal patterns" because of a "highly competitive pricing environment".

By region, Intel saw APAC sales fall by six per cent, the Americas by 10 per cent, Europe by 19 per cent, and Japan by 13 per cent.

The firm reckoned its revenues in Q3 would be between $8.3 billion and $8.9 billion, with a gross margin of around 49 per cent. µ

 

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