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Intel reports $13.5 billion in revenue for Q2 2012, crediting strong phone and ultrabook sales

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Intel has reported revenue of $13.5 billion in the second quarter of 2012 and $2.8 billion in profit, up slightly from last quarter.

Intel Ultrabook Prototype Crop
Intel Ultrabook Prototype Crop

Intel's earnings have stayed steady as the company reported second-quarter revenue of $13.5 billion. That's still not as high as its holiday 2011 earnings, but it's a steady rise from last quarter. Profit is up slightly as well: it reported $2.8 billion instead of $2.7. Compared to last year, the company's also doing reasonably well: it reported $13 billion in revenue, though profit was higher at almost $3 billion.

According to Intel, revenue is up because of strong sales of ultrabooks and growing interest in smartphones, a market Intel recently entered with its Medfield chips. The company said this growth will likely slow more than expected later in the year, however, due to a "more challenging macroeconomic environment." Intel has a lineup of ultrabooks, tablets, and phones planned for this fall, and Windows 8 could give a boost to PC sales, so we'll see whether it can overcome the adversity of late 2012.