Intel posts record-breaking Q2 earnings

Intel announced its second quarter results (PDF) today, with numbers that beat analyst expectations and set revenue records for the company. Total Q2 revenue for 2008 was $9.5 billion, with an operating income of $2.3 billion, net income of $1.6 billion, and earnings-per-share (EPS) of 28 cents. Total revenue fell two percent from the first quarter's results, but improved nine percent year-on-year, while net income rose by 11 percent compared to Q1 2008, and 25 percent compared to Q2 2007.
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Beating analyst expectations for Q2 is impressive, but Intel has given guidance that it expects a strong third quarter as well. The company is predicting sales of $10.0 - $10.6 billion, above previous analyst estimates of $10.07 billion in Q3. Intel's stock has fallen significantly this year from a high of $27.31 on Dec 24, 2007, to a current price of $20.47 on July 14, mostly due to concerns over larger macroeconomic troubles.