While Intel Corporation reported Q3 revenue of US$13.5bn, operating income of US$3.5bn, net income of US$3.0bn and EPS of US$0.58, its CEO Brian Krzanich has said the company is set to delay production of its Broadwell processors.
In a conference call with analysts following Intel’s announcement of its financial results, Krzanich detailed how production of Intel’s next processor – Broadwell, which will be built using Intel’s 14nm (nanometer) technology – is not set to begin until the first quarter of 2014, Reuters reported.
Intel’s Q3 results reveal the company generated about US$5.7bn in cash from operations, paid dividends of US$1.1bn, and used US$536m to repurchase 24m shares of stock.
Total revenue was up 5pc sequentially, flat year-over-year.
Intel’s Record Data Center Group generated revenues of US$2.9bn, marking an increase of 12pc year-over-year.
In the quarter, Intel launched 4th Generation Intel Core products in order to pave the way for enabling fanless, and tablet and 2-in-1 designs.
In this timeframe, Intel also generated more than 40 22nm products for products spanning ultra-mobile devices, as well as networking, storage, and server market segments.
“The third quarter came in as expected, with modest growth in a tough environment,” said Krzanich.
He said Intel would be “executing” on its strategy to offer a broader and more diverse product portfolio that spans key growth segments, operating systems and form factors.
“Since August, we have introduced more than 40 new products for market segments from the internet of things to data centres, with an increasing focus on ultra-mobile devices and 2-in-1 systems,” he said.
For Q4, Intel is forecasting revenues to be in the region of US$13.7bn, plus or minus US$500m.
For the next quarter, R&D expenditure is expected to come in at around US$4.7bn, with this figure encompassing MG&A spending.