Intel posted revenue of $14.8 billion (+9 percent), operating income of $3.8 billion (+190 percent) and net income of $2.8 billion (+111 percent) in Q2 2017.
“We also launched new Intel Core, Xeon and memory products that reset the bar for performance leadership, and we’re gaining customer momentum in areas like AI and autonomous driving. With industry-leading products and strong first-half results, we’re on a clear path to another record year,” said Brian Krzanich, Intel CEO.
Intel’s Client Computing Group generated revenue of $8.2 billion (+12 percent), Data Center Group $4.4 billion (+9 percent), Internet of Things Group $720 million (+26 percent), Non-Volatile Memory Solutions Group $874 million (+58 percent), and Programmable Solutions Group $440 million (–5 percent) in the second quarter of 2017.
Internet of Things, while a smaller piece of Intel’s overall revenue, again showed strong growth at 26 percent to $720 million. Intel noted traction in the industrial, automotive and video segments with its IoT business. Intel’s Non-Volatile Memory Solutions Group achieved 58 percent growth to $874 million.
“It wasn’t all good news, however, with Programmable Solutions Group declining 5 percent to $440 million this quarter attributed to loss of business in data center and wireless segments. Intel’s operating income was up 30 percent to $4.2 billion attributable to improved profitability across its business segments and due to spending control with R&D and SG&A,” Daniel Callahan, analyst at TBR, said.
