Intel has ridden a wave of stronger-than-expected PC demand to post a solid increase in second-quarter revenue and net income.
Revenue was $US9.2 billion, up 15 per cent from last year and in line with analyst expectations as polled by Thomson First Call and with the company's midquarter update guidance in June. Net income was $US2 billion, up 16 per cent from last year. Earnings per share were $US0.33, slightly ahead of analyst expectations of $US0.32.
Notebook processors were in strong demand during the quarter, Intel said in a press release.
The company planned to boost its capital spending for the year to support higher demand for its products, it said.
Previously, IDC and Gartner reported that second-quarter PC shipments grew much more strongly than either researchers had anticipated based on the continued adoption of notebook PCs and aggressive cost-cutting by PC manufacturers.
Looking ahead to the third quarter, Intel predicted revenue would fall between $US9.6 billion and $US10.2 billion. The third and fourth quarters of a calendar year typically produce Intel's best results.