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Intel Newsroom

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Intel has formed a research collaboration with leading universities worldwide to explore technologies for next-generation wireless networks. Intel
is investing at least $3 million to support wireless research at more than 10 universities including Stanford University, ITT Delhi and Pompeu Fabra University. The work focuses on topics including how to improve quality of service via context awareness, wireless device power efficiency and enabling new radio spectrum. The “Intel Strategic Research Alliance” includes industry partner Verizon.

Intel® Integrated Performance Primitives (Intel® IPP) 8.0 is now available to help application developers with a library of software functions for multimedia processing, data processing, and communications. This latest version of Intel IPP includes a new C/C++ library as well as an industry leading device-side OpenCL* library. Both libraries are intended to improve advanced image processing on Intel processor graphics, enabling developers to maximize performance, throughput and power efficiency from Intel® HD  Graphics and Intel® Iris™ Graphics. These features are available as a free download.  In addition, a production version of Intel IPP 8.0 supporting both Android* phones and tablets as well as a new download package for Apple OS X* developers are available for purchase.

  • 4th Generation Intel® Core™ processor and Silvermont architecture unveiled to strong acceptance
  • New Intel® Atom™ processor and Intel LTE solution tapped for Samsung* GALAXY Tab-3 10.1-inch
  • New leadership team implemented one of the most significant management reorganizations in a decade

 

SANTA CLARA, Calif., July 17, 2013 -- Intel Corporation today reported second-quarter revenue of $12.8 billion, operating income of $2.7 billion, net income of $2.0 billion and EPS of $0.39. The company generated approximately $4.7 billion in cash from operations, paid dividends of $1.1 billion, and used $550 million to repurchase 23 million shares of stock.

 

"In the second quarter, we delivered on our quarterly outlook and made several key product announcements," said Intel CEO Brian Krzanich. "In my first two months as CEO, I have listened to a wide variety of views about Intel and our industry from customers, employees and my leadership team and I am more confident than ever about our opportunity as a company."

 

"Looking ahead, the market will continue buying a wide range of computing products," he added. "Intel Atom and Core processors and increased SOC integration will be Intel's future. We will leave no computing opportunity untapped. To embrace these opportunities, I've made it Intel's highest priority to create the best products for the fast growing ultra-mobile market segment."

 

Q2 Key Financial Information and Business Unit Trends

  • PC Client Group revenue of $8.1 billion, up 1.4 percent sequentially and down 7.5 percent year-over-year.
  • Data Center Group revenue of $2.7 billion, up 6.1 percent sequentially and flat year-over-year.
  • Other Intel® Architecture Group revenue of $942 million, down 3.7 percent sequentially and down 15.0 percent year-over-year.
  • Gross margin of 58 percent, up 2 percentage points sequentially and down 5 percentage points year-over-year.
  • R&D plus MG&A spending of $4.7 billion, in line with the company's expectation of approximately $4.7 billion.
  • Tax rate of 26 percent.

 

Financial Comparison
Quarterly
Q2 2013Q1 2013vs. Q1 2013
Revenue$12.8 billion$12.6 billionup 2%
Gross Margin58.3%56.2%up 2.1 pts.
Operating Income$2.7 billion$2.5 billionup 8%
Net Income$2.00 billion$2.05 billiondown 2%
Earnings Per Share39 cents40 centsdown 3%

 

Business Outlook

Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures or other investments that may be completed after July 17.

 

Q3 2013

  • Revenue: $13.5 billion, plus or minus $500 million.
  • Gross margin percentage: 61 percent, plus or minus a couple of percentage points.
  • R&D plus MG&A spending: approximately $4.8 billion.
  • Amortization of acquisition-related intangibles: approximately $70 million.
  • Impact of equity investments and interest and other: approximately $400 million net gain.
  • Depreciation: approximately $1.7 billion.

 

Full-Year 2013

  • Revenue: Approximately flat year-on-year, down from prior expectations of low single digit percentage increase.
  • Gross margin percentage: 59 percent, plus or minus a couple percentage points, down from prior expectations of 60 percent, plus or minus a few percentage points.
  • R&D plus MG&A spending: $18.7 billion, plus or minus $200 million, down $200 million from prior expectations.
  • Amortization of acquisition-related intangibles: approximately $300 million, unchanged from prior expectations.
  • Depreciation: $6.8 billion, plus or minus $100 million, unchanged from prior expectations.
  • Tax Rate: approximately 26 percent for each of the remaining quarters of the year.
  • Full-year capital spending: $11.0 billion, plus or minus $500 million, down $1.0 billion from prior expectations.

 

For additional information regarding Intel's results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

 

Status of Business Outlook

Intel's Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business September 13 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on July 24. Intel's Quiet Period will start from the close of business on September 13 until publication of the company's third-quarter earnings release, scheduled for October 15, 2013. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company's news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

 

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the third quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should" and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel's actual results, and variances from Intel's current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company's expectations.

  • Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; customer acceptance of Intel's and competitors' products; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
  • Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel's response to such actions; and Intel's ability to respond quickly to technological developments and to incorporate new features into its products.
  • The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
  • The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  • Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
  • Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
  • Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
  • Intel's results could be affected by the timing of closing of acquisitions and divestitures.
  • Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel's ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.

 

A detailed discussion of these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Form 10-Q and Form 10-K.

 

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

 

Intel plans to report its earnings for the third quarter of 2013 on October 15, 2013. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, executive vice president and chief financial officer, at www.intc.com/results.cfm. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com.

 

Starting with the third-quarter earnings announcement on October 15, 2013, the company plans to post its quarterly earnings results on its Investor Relations website, at www.intc.com/results.cfm, and no longer distribute quarterly financial details through a news wire service. The company may choose to issue other financial-related news through a news wire service in addition to its Investor Relations website.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

 

Intel, the Intel logo, Atom and Core are trademarks of Intel Corporation in the United States and other countries.

 

*Other names and brands may be claimed as the property of others.

 

The more we share online, the more likely we put ourselves at risk. Birthdays, credit cards, social security numbers are often divulged too frequently and accidentally and lead to major security fails. This summer, Intel® and McAfee® are encouraging you to stop and think, “Am I sharing too much information?” by learning how to better avoid the pitfalls of oversharing at intel.com/tmi. Starting today, Intel is launching a sweepstakes where participants can share videos that illustrate digital disinhibition - when we share more online than we would in real life - to win an Intel-inspired Ultrabook™ and McAfee LiveSafe™. Remember: if you wouldn't share it in real life, don't do it online. Also visit the online press kit.

Intel launched today the Intel® Virtual Gateway, a cross-platform keyboard-video-mouse (KVM) software development kit designed to offer solution providers enhanced capabilities for diagnosing and troubleshooting datacenter hardware. Using the Intel Virtual Gateway, IT managers can securely configure or fix compatible components such as servers, network switches and storage devices remotely across multiple sessions regardless of whether the device operating system is functioning or not. The Intel Virtual Gateway can support up to 10,000 managed devices and 50 simultaneous sessions of remote access. The first solution provider to integrate Intel Virtual Gateway is Schneider-Electric in its StruxureWare™ datacenter product. For more information, please see www.intel.com/vgateway.

Ajay Bhatt and his team won the prestigious European Inventor Award in the 'Non-European Countries' category for developing USB technology. Read the conversation conducted with Ajay on his thoughts of the European Inventor Award, USB technology, future plans and more.

Intel Capital, Intel Corporation’s global investment and mergers and acquisitions organization, today celebrated 10 years of investing in Russia and the Commonwealth of Independent States. Intel Capital entered Russia in 2003 with an investment in internet company Ru-Net/Yandex and since then has invested in 15 companies across the region. Speaking at an Intel Capital event to mark the occasion, Arvind Sodhani, president of Intel Capital and executive vice president at Intel, detailed Intel Capital’s history and success in the region: “As one of the first international venture capital investors in the country, we have invested in and worked alongside the strong local engineering talent behind many of the region’s most exciting technology innovations. In turn, these companies have benefited from the unique global perspective Intel Capital provides entrepreneurs along with the resources, network and expertise to help them grow their businesses.” View the press release for more information.

Intel is expanding its Intel® System Studio to developers creating applications for embedded Linux* operating systems. Intel System Studio for Linux* gives developers deep insights into hardware and software performance, enabling them to speed up the development and testing process, enhance code stability and boost power efficiency and performance of Intel® Xeon®, Intel® Core™ and Intel® Atom™ processor-based embedded and mobile systems. Intel System Studio is also available with JTAG Debugger which provides advanced system debug capabilities that help system developers accelerate time-to-market and strengthen reliability of these increasingly complex embedded systems. Read more information about the Intel System Studio.

Now available on the Amazon Marketplace, the Intel® Expressway API manager helps enterprises deliver new mobile apps to market faster, at lower cost, and with enterprise grade security controls. Previously, an enterprise would need to obtain and host a new security infrastructure to prepare for seasonal demand spikes for its applications. Using this service, an enterprise has the flexibility to scale up its security, applications and mobile infrastructure in the public cloud based on current demand. For more information see the Intel EC2 Security page.

Justin Rattner is stepping down as chief technology officer and director of Intel Labs. Justin’s transition is required under Intel’s corporate bylaws which state that Intel employees may not serve as corporate officers past the age of 65. Rattner will take a personal leave immediately to deal with a pressing family matter and will return to Intel at a later date in a role to be determined. Intel Labs will report to Intel President Renée James until further decisions related to its leadership are made.

 

Intel CEO Brian Krzanich thanked Rattner for his leadership in creating one of the leading research organizations in the high tech industry. Rattner joined Intel in 1973 and was named its first principal engineer in 1979, its fourth Intel Fellow in 1988 and was in the first group of Intel Fellows to be named Senior Fellow in 2001. Rattner has been a prominent keynote speaker at every U.S. IDF since 2005, more than any other presenter to-date. He is a recognized worldwide leader in high-performance computing and is a sought after spokesperson in this field.

 

Rattner has also been well recognized by the industry for his many technical and leadership achievements including R&D Magazine Scientist of the Year (1989), Person of the Week by ABC News (1996), in 1997 made the Computing 200 by ACM Press and most recently received the Industry Luminary Award for 21st Century Industrial Innovation from the Open Innovation Strategy and Policy Group. He is a trustee of the Anita Borg Institute for Women and Technology and serves as Intel's executive sponsor for Cornell University where he is a member of the External Advisory Board for the School of Engineering.

Intel subsidiary, Havok™, launched Project Anarchy, an end-to-end mobile 3-D game production engine. Games developed using Project Anarchy technology can be deployed for free on many leading mobile platforms, including Android* and Tizen*, for customers regardless of their companies’ size or revenue. Project Anarchy was created through a combination of the Havok Vision Engine, Havok Physics, Havok Animation and Havok AI technologies. This game development tool has the support of Havok’s active community site and award-winning technology support team. Download Project Anarchy.

To kick off the 11th annual Research@Intel event, the Intel Science & Technology Center on Embedded Computing at UC Berkeley highlighted how technology is front and center when it comes to innovation. Yesterday, researchers showcased how they’re working to revolutionize daily activities, such as tying knots and folding laundry using robots, and how robots can be trained to perform other everyday tasks. For more information on the latest research unveiled today at Research@Intel Day, visit the Research@Intel Day press kit.

Technology and Innovation Making a Better Tomorrow at Research@Intel Event

 

NEWS HIGHLIGHTS

  • Today marks the 11th annual Research@Intel event, showcasing 20 research projects from around the world, each exploring technologies to enrich lives with smarter cities, homes and offices, and with smarter ways to shop, communicate and drive.
  • Intel Labs is developing some of the world's most promising technological advancements, both on its own and in conjunction with leading academic institutions worldwide.
  • Intel Labs helps pave the way for future innovations through technologies that support life enrichment, easier access to big data, and a more connected computing experience.

 

 

SAN FRANCISCO, June 25, 2013 – Car tail lights saving lives, immersive displays allowing photos to tell their own story, personalized shopping experiences. These are just a few of the innovations presented by Intel Corporation today at its 11th annual Research@Intel event, a showcase of the most innovative new research spawned from Intel's internal efforts and external collaborations. Justin Rattner, Intel's chief technology officer, kicked off today's event by highlighting some of the 20 groundbreaking research projects on exhibition today.

 

Supplementing its own robust and diverse research efforts, Intel Labs two years ago deployed a unique model of direct collaboration with the world's leading academic researchers, creating a global network of seven Intel Science and Technology Centers (ISTCs) and six Intel Collaborative Research Institutes (ICRIs). Each center has built its own vibrant community of researchers to speed advances in embedded, cloud, social and secure computing, among other fields. Today's event showcases a sample of these research advances – and many from Intel's own labs – across these and many other sectors, including visual and context-aware computing as well as significant progress in fields such as big data.

 

"The majority of our research is conducted by Intel's own researchers but we are delighted by the quality and quantity of research coming out of the ISTCs and ICRIs," said Rattner. "Importantly, the deeply collaborative structure of these engagements is based on an open IP model benefiting not just Intel and researchers, but the high technology industry and human society at large."

 

Research@Intel Demo Showcase

Demos at the Research@Intel event are housed in four different zones. These zones include:

 

Enriching Lives: Developing computing experiences that simplify, enhance and enrich people's lives. This research is intended to help people be understood, expressive and free. One demonstration, titled "Be Meaningful," using "Shelf Edge Technology (SET)," can help detect a person's presence in a store and create a more meaningful, personalized shopping experience. If a car needs an air filter, for example, SET could use the vehicle's service records to alert the owner about the need for a specific filter when the owner enters an auto parts store. If a person has peanut allergies, SET could warn of potentially dangerous products. If a person plans to cook salmon for dinner, SET could recommend wines to best compliment the dish.

The Data Society: Unlocking the power of data for everyone. In addition to pushing the boundaries of what institutions can do with big data, Intel Labs has put an emphasis on the exploration of meaningful data exchange among individuals. Researchers are looking at ways to adapt the digital infrastructure to allow people to better capture, move and work with digital information easily and effectively. In a demonstration titled, "Vibrant Data Communities," Intel Labs researchers combine public and personal data with context-aware algorithms to identify and present the most useful information to individuals. For example, air quality sensors in a neighborhood could help steer a person clear of pollen hotspots in during allergy season.

Intelligent Everything: Innovations that transform inanimate objects by adding sensing capabilities, helping enable sustainable and smart living experiences. In one demonstration, researchers are working on easy-to-use tools to automate contextual cues with already-existing sensors so that a home behaves usefully in response to events and a family's unique needs. The demonstration shows how to easily link a Web camera and a music system to act as a home security system and to link a Web camera that receives contextual cues from a baby in a crib and an alarm by the parents' bed to act as a baby monitor.

Tech Essentials: Technology building blocks – including circuits, architecture and software – that provide a foundation for all of the areas above. For example, the "Protecting Sensor Data" demonstration uses Intel hardware and software to prevent malicious parties for accessing personal information recorded by cameras, microphones and GPS locators embedded in mobile devices.

 

To get the latest Intel Innovation news, visit www.intel.com/newsroom/research, and join the conversation on Facebook and Twitter.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

 

Intel is a trademark of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

Wind River has developed open source, real-time kernel virtualization software for the demands of next-generation telecommunications equipment,  network functions virtualization (NFV) and cloud initiatives. Delivering high performance and low-latency matching native environments, Wind River Open Virtualization Profile enables services to be rapidly deployed and run anywhere on the network while reducing total cost of ownership for service providers. Optimized for Intel® architecture, Open Virtualization Profile is integrated with Intel Data Plane Development Kit and supports Intel DPDK Accelerated Open vSwitch. For more information, view the news release and offering.

Intel has released a new version of Intel® XDK as part of the Intel® HTML5 Development Environment, a cross-platform toolkit that helps developers quickly create, test and deploy apps across multiple application stores, operating systems and devices. Improvements made to Intel XDK include a new drag-and-drop interface to speed up the creation of new apps and prototypes as well as a faster game interface. Additionally, Intel has added a more powerful framework capable of producing designs that adjust to a device’s native theme. With the updated Intel XDK, developers can now build apps to run on the Tizen* operating system in addition to Android*, iOS* and Windows* 8. Download Intel XDK for free.

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