{"id":181863,"date":"2010-01-14T22:09:49","date_gmt":"2010-01-15T03:09:49","guid":{"rendered":"http:\/\/www.stoth.com\/2010\/01\/14\/intel-earnings-surprise-we-have-lift-off\/"},"modified":"2010-01-14T22:09:49","modified_gmt":"2010-01-15T03:09:49","slug":"intel-earnings-surprise-we-have-lift-off","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/181863","title":{"rendered":"Intel earnings surprise: we have lift-off"},"content":{"rendered":"

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\nDepending on how you look at it, Intel either turned in a monster of an earnings report for the fourth quarter of 2009, or they’ve finally pulled back up to 2007 levels—the former view gives you a whopping 875 percent jump in year-over-year net income, while the latter gives you essentially three “lost years,” in which the company’s revenues topped out (2007), then tanked (2008), then ramped right back up (2009). Either way, Intel has posted a “V-shaped recovery” that is gunning its stock up in after-hours trading.\n<\/p>\n

\nThe basic numbers are in the chart below, but you can get the whole story by looking at only two of the: top-line revenue, which is back up to bubblicious 2007 levels, and gross margin, which is a record 65 percent. What this means is that a combination of aggressive cost cutting and a fresh round of IT and consumer spending has gotten Intel back to where it was before the financial crisis of late 2008.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n GAAP Financial Comparison<\/strong> <\/td>\n<\/tr>\n
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\n Quarterly Results <\/strong><\/td>\n<\/tr>\n
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\n Q4 2009 <\/em><\/td>\n		<\/td>\n
\n vs. Q3 2009 <\/em><\/td>\n		<\/td>\n
\n vs. Q4 2008 <\/em><\/td>\n<\/tr>\n

\n Revenue <\/em><\/td>\n		\n $10.6 billion <\/td>\n<\/td>\n\n up 13% <\/td>\n<\/td>\n\n up 28% <\/td>\n<\/tr>\n

\n Operating Income <\/em><\/td>\n		\n $2.5 billion <\/td>\n<\/td>\n\n down 3% <\/td>\n<\/td>\n\n up 62% <\/td>\n<\/tr>\n

\n Net Income <\/em><\/td>\n		\n $2.3 billion <\/td>\n<\/td>\n\n up 23% <\/td>\n<\/td>\n\n up 875% <\/td>\n<\/tr>\n

\n Earnings Per Share <\/em><\/td>\n		\n 40 cents <\/td>\n<\/td>\n\n up 7 cents <\/td>\n<\/td>\n\n up 36 cents <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\nTo see just what a roller coaster ride it has been, take a look at the chart below, which shows the GAAP revenue and net income numbers for Intel over the past three years:\n<\/p>\n

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Intel Revenue and Net Income, 2007-2009<\/div>\n<\/div>\n<\/div>\n

\nNote that if you turned those revenue numbers into a line graph and added a bunch of noise, you’d have a slightly flattened chart of the S&P 500 over that same period. In other words, as goes the economy, so goes Intel, at least in recent times.\n<\/p>\n

\nDigging into the numbers, the PC Client Group, Data Center Group, and Other Intel Architecture Group all saw double-digit revenue gains, with the Atom group posting a 6 percent jump. The company saw the value of its equity investments jump by $96 million, and its effective tax rate drop to 12 percent.\n<\/p>\n

\nBroken down geographically, revenue was up across all regions.\n<\/p>\n

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Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Depending on how you look at it, Intel either turned in a monster of an earnings report for the fourth quarter of 2009, or they’ve finally pulled back up to 2007 levels—the former view gives you a whopping 875 percent jump in year-over-year net income, while the latter gives you essentially three “lost years,” in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-181863","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/181863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=181863"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/181863\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=181863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=181863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=181863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}