Intel Earnings Review: Gradual Long-Term Decline Continues
David Dyer | Oct 16, 2012 02:22PM ET
The song remains the same at Intel: muddling through as revenue growth stalls. Financial performance is slowing long-term for both revenues and earnings per share. Gross, operating, and net margins have been near stable, but peaked in 2010 and may decrease more. Liquidity and capital are adequate. CEO Paul Otellini continues to promise better days ahead through innovation but this hope has remained beyond his grasp as technology races away from the Microsoft/Dell/Intel desktop days of yore.
Intel Outlook
Q4 2012 (GAAP, unless otherwise stated)
· Revenue: $13.6 billion, plus or minus $500 million.
· Gross margin percentage: 57 percent and 58 percent Non-GAAP (excluding amortization of acquisition related intangibles), both plus or minus a couple of percentage points.
“Our third-quarter results reflected a continuing tough economic environment,” said Paul Otellini, Intel president and CEO. “The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we’re pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market.”
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