Intel reports Q1, posts profit

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Intel also announced Q1 results last week, calling it a “record first quarter.”

Intel logoIntel Corporation today reported first-quarter revenue of $10.3 billion. The company reported operating income of $3.4 billion, net income of $2.4 billion and EPS of 43 cents.

Financial performance is up substantially both sequentially (from Q4 2009) and year-over-year (from Q1 2009). Intel’s gross margin, at 63% in Q1, is really quite remarkable and is way better than AMD’s gross margin for the same period (47%, see our coverage here).