Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion

Intel is back to its old games in Q2 of 2012, raking in $13.5 billion during the second three month financial period of the year, up from $12.9 billion in the first quarter and a solid five percent year over year. Of that impressive pile of cash, Chipzilla was able to pocket $2.8 billion in net income, up $100,000 from Q1 and three percent from the same time period last year. That equates to a healthy $0.57 per share in earnings, which should make investors happy. PC Client Group enjoyed slow but steady growth, seeing its revenues grow by three percent, but the big story is the Data Center division wich saw revenues climb 14 percent to $2.8 billion, sequentially.

It's not all wine and roses however, the processor giant also lowered its expectations for Q3 after falling slightly short of its goal this quarter. Growth is expected to continue, but at a much slower rate thanks to the "challenging macroeconomic environment." Of course, an estimated $14.3 billion in Q3 would match its previous earnings record and is hardly anything to sniff at.

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Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion originally appeared on Engadget on Tue, 17 Jul 2012 16:11:00 EDT. Please see our terms for use of feeds.