Intel posted a fourth-quarter net income of $2.3 billion, up 875 percent over the same period last year. Revenue came in at $10.6 billion, up 28 percent year over year.
Earnings per share was 40 cents. The analyst consensus for the fourth quarter called for 30 cents a share on earnings of $10.17 billion. Adjusted income came to 55 cents per share.
Income was about 10 times greater than the $234 million (4 cents per share) that the chipmaker reported in the fourth quarter of 2008.
One of the key financial indicators, gross margin, hit a record 65 percent, Intel said, up 12 points over the same period last year when it was 53 percent.
Revenue for Atom processors and chipsets—which are used widely in Netbooks—shot up 167 percent.
“Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world,” said Paul Otellini, Intel president and CEO in a statement.
“Our notebook business was exceptional this quarter,” Otellini said during the company’s earnings conference call. The chip business for server computers was up too. “Servers had a very strong quarter with a shift toward the high end of the server stack,” he said.
Looking ahead to the first quarter of 2010, Intel expects revenue to hit $9।7 billion, plus or minus $400 million. The gross margin percentage is forecast to be 61 percent, plus or minus 2 percentage points.
.CNET NEWS
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