On July 19, Intel (NASDAQ:INTC) released Q2 2005 earnings for the period ending July 2, 2005.

  • Revenues were up 14.7% over the same period last year, when it missed its revenue target.
  • Gross margins dropped 3%.
  • Inventory was down 15%. (Are these two related?)

(Figures in millions, except per-share data)

Income Statement Highlights(What's this?)

Avg. Est.

Q2 2005

Q2 2004

% Change

Sales

$9,230

$9,231

$8,049

+14.7%

Net Profit

--

$2,038

$1,757

+16.0%

EPS

$0.32

$0.33

$0.27

+22.2%



Margin Checkup(What's this?)

Q2 2005

Q2 2004

Change

Gross Margin

56.36%

59.39%

-3.02%

Op. Margin

28.70%

29.58%

-0.88%

Net Margin

22.08%

21.83%

+0.25%



Balance Sheet Highlights(What's this?)

Assets

Q2 2005

Q2 2004

% Change

Cash+ ST Invest.

$12,600

$14,264

-11.7%

Inventory

$2,739

$3,223

-15.0%

Accounts Rec.

$3,448

$3,183

+8.3%



Liabilities

Q2 2005

Q2 2004

% Change

Long-Term Debt

$430

$898

-52.1%

Accounts Pay.*

$5,425

$5,253

+3.3%

*Includes accrued liabilities. May not be 100% comparable.

Cash Flow Highlights(What's this?)

Q2 2005

Q2 2004

% Change

Cash From Ops*

$2,738

$2,693

+1.7%

Capital Expend.

$1,470

$1,059

+38.8%

Free Cash Flow

$1,268

$1,634

-22.4%

*Rough estimate based on Intel's incomplete cash-flow information. Does not properly account for changes in working capital.

Related Companies:

  • AMD (NYSE:AMD)
  • IBM (NYSE:IBM)
  • Dell (NASDAQ:DELL)
  • Microsoft (NASDAQ:MSFT)
  • Cisco (NASDAQ:CSCO)
  • Apple (NASDAQ:AAPL)

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Seth Jayson had positions in no company mentioned. Fool rules are here.