Intel Corporation today reported second-quarter revenue of $8.0 billion. Excluding the effects of the European Commission fine, the company had non-GAAP operating income of $1.4 billion, net income of $1.0 billion and EPS of 18 cents. On a GAAP-basis, the company reported an operating loss of $12 million, a net loss of $398 million and a loss per share of 7 cents.
Here’s a free tip for you, dear reader. As you scan quarterly results postings and you see “non-GAAP,” stop and read more slowly. That’s a company that’s probably lost money and is trying to put a brave face on the news. In this case though the loss isn’t related to consumer behavior or the fundamentals of the chips business — in fact, revenue was up from $7.145B the previous quarter (but down almost $1.5B from Q2 a year ago).