Intel has reported a record Q2 with profits of $2.9bn on revenues of $10.8bn. For Q3, it forecast revenues of $11.6bn. The company expects profit margins to reach 66% this year.
Intel attributed the rise to corporate renewal of PCs. President and CEO Paul Otellini, said he was "very comfortable" with inventory levels.
"Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," said Otellini.
"Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future."
You can read the full figures on the Intel Financials and Filings website.
Intel CFO commentary on the second-quarter results
See also:
Intel reports strong growth for 'indispensable microprocessors'