With strong sales across its major product lines, Intel on Tuesday reported revenues of $9.96bn (about £6bn) for the third quarter, a jump of 18 percent on the £4.82bn the California chip maker posted in that period last year.
Unit sales of microprocessors, chipsets, flash memory and wireless and portable device components all hit record levels for the quarter, Intel said in a statement. Sales of motherboards, however, declined.
Intel’s earnings, which amounted to £0.19 per share, were up 7 percent from the same period last year, but fell short of analysts’ expectations. Wall Street had expected revenue to be $9.922bn (£5.65bn) and earnings to be £0.18 per share, according to a survey by Thomson First Call.
The results were at the high end of what Intel itself had been expecting for the quarter, which ended on 1 October. Last month, Intel had said it expected revenue for the third quarter, typically one of the strongest quarters of the year, to fall between $9.8bn (£5.58bn) and $10bn (£5.7bn).
Revenue for Intel’s fourth quarter is expected to be between $10.2bn (£5.81bn) and $10.8bn (£6.15bn), the company said.