Earnings Webcast
Intel will hold a public webcast at 2:30 p.m. PDT today on its Investor Relations Web site at www.intc.com. A webcast replay and MP3 audio download will also be made available on the site.
Intel [NASDAQ: INTC], the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com
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| INTEL CORPORATION | ||||||||||||||
| CONSOLIDATED SUMMARY INCOME STATEMENT DATA | ||||||||||||||
| (In millions, except per share amounts) | ||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||
| Sept. 27, | Sept. 29, | Sept. 27, | Sept. 29, | |||||||||||
| 2008 | 2007 | 2008 | 2007 | |||||||||||
| NET REVENUE | $ | 10,217 | $ | 10,090 | $ | 29,360 | $ | 27,622 | ||||||
| Cost of sales | 4,198 | 4,919 | 12,885 | 13,944 | ||||||||||
| GROSS MARGIN | 6,019 | 5,171 | 16,475 | 13,678 | ||||||||||
| Research and development | 1,471 | 1,521 | 4,406 | 4,274 | ||||||||||
| Marketing, general and administrative | 1,416 | 1,381 | 4,195 | 3,953 | ||||||||||
| Restructuring and asset impairment charges | 34 | 125 | 459 | 282 | ||||||||||
| OPERATING EXPENSES | 2,921 | 3,027 | 9,060 | 8,509 | ||||||||||
| OPERATING INCOME | 3,098 | 2,144 | 7,415 | 5,169 | ||||||||||
| Gains (losses) on equity investments, net | (396) | 148 | (564) | 176 | ||||||||||
| Interest and other, net | 131 | 211 | 466 | 560 | ||||||||||
| INCOME BEFORE TAXES | 2,833 | 2,503 | 7,317 | 5,905 | ||||||||||
| Provision for taxes | 819 | 712 | 2,259 | 1,200 | ||||||||||
| NET INCOME | $ | 2,014 | $ | 1,791 | $ | 5,058 | $ | 4,705 | ||||||
| BASIC EARNINGS PER COMMON SHARE | $ | 0.36 | $ | 0.31 | $ | 0.89 | $ | 0.81 | ||||||
| DILUTED EARNINGS PER COMMON SHARE | $ | 0.35 | $ | 0.30 | $ | 0.87 | $ | 0.79 | ||||||
| WEIGHTED AVERAGE SHARES OUTSTANDING: | ||||||||||||||
| BASIC | 5,603 | 5,837 | 5,696 | 5,808 | ||||||||||
| DILUTED | 5,692 | 5,967 | 5,790 | 5,919 | ||||||||||
