Intel has reported quarterly revenues of US$12.9 billion, operating income of US$3.8 billion, net income of US$2.7 billion and EPS of US$0.53.

The company generated approximately US$3.0 billion in cash from operations, paid dividends of US$1.0 billion and used US$1.5 billion to repurchase stock.

"The first quarter was a solid start to what's expected to be another growth year for Intel," said Paul Otellini, Intel president and CEO. "In the second quarter we'll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond."

For the future, Intel expects its GAAP revenues in the second quarter of 2012 to reach US$13.6 billion, plus or minus US$500 million with gross margin of 62% and 63% non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple of percentage points. Meanwhile, the R&D plus MG&A spending will reach approximately US$4.6 billion, amortization of acquisition-related intangibles will be approximately US$80 million, impact of equity investments and interest and other will reach a loss of approximately US$20 million and depreciation will reach approximately US$1.6 billion.

As for full-year 2012, the gross margin will be 64% and 65% non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points, unchanged, spending (R&D plus MG&A) will be US$18.3 billion, plus or minus US$200 million, unchanged, amortization of acquisition-related intangibles will be approximately US$300 million, unchanged, depreciation will be US$6.4 billion, plus or minus US$100 million, down US$100 million from prior expectations, tax rate will be approximately 28%, down from prior expectations of 29% and full-year capital spending will be US$12.5 billion, plus or minus US$400 million, unchanged.

By: DocMemory
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