- Intel's (INTC) Data Center Group (server CPUs) had a Q3 op. profit of $1.39B, +16% Y/Y and outpacing division rev. growth of 12%. But the Other Intel Architecture Group (inc. Atom, the Infineon mobile unit, and the set-top/gateway chip unit) had a $606M op. loss, down slightly Q/Q but up sharply from $235M a year earlier.
- The mainstay PC Client Group had a $3.26B op. profit, -3% Y/Y. Software/services had a $5M op. loss vs. a $4M op. profit a year earlier.
- Intel has slightly lowered its 2013 R&D/MG&A spending guidance to $4.7B from $4.8B. R&D spend +5% Y/Y in Q3 to $2.74B, MG&A -1% to $1.97B. Headcount rose by 1K Q/Q to 107K.
- Cash/investments stood at $19.1B at the end of Q3, and debt at $13.5B.
- Intel states on the Q3 CC the enterprise PC market strengthened during the quarter (IDC/Gartner's data seems to bear this out), and that the market appears to have bottomed out. Customer inventories rose, but remain below historical levels..
- Intel now plans to start manufacturing 14nm (Broadwell) CPUs in Q1, a quarter later than originally planned. Broadwell's commercial launch is set for 2H14.
- INTC now -2.1% AH.
- Q3 results, guidance/details
A little more on Intel: Server profits growing, mobile losses high
Oct 15 2013, 17:28 ET