Intel released their 2012 Q2 earnings today, reporting revenue of $13.5 billion, up 5% from last quarter. PC market growth rose 3% to $8.7 billion. Intel blamed the slow-down on users waiting for Windows 8 before investing in new hardware.
The Data Center group saw revenue of $2.8 billion. Intel’s earnings per share were flat, rising 1 cent over last quarter.
The company is currently facing a number of competitors including mobile chipsets from Qualcomm and Nvidia. 2011 was a bad year for Intel with desktop sales rising a mere 1.8%. However, with the introduction of Windows 8 later this year, analysts expect sales to rise 5% in October.
Intel closed flat at $25.38 per share this afternoon. Estimates expected 52 cents a share with revenue of $13.56 billion, according to Reuters.