The market for Intel's microprocessors, chipsets, and motherboards has picked up in recent months, paving the way for the company to more than double quarterly profit from a year ago. Its third-quarter income reached $1.7 billion on revenue of $7.8 billion, a 20% sales increase from a year ago and 15% from the second quarter.
"It was the best sequential growth for a third quarter that we've seen in 25 years," said Andy Bryant, Intel's CFO and enterprise-services officer, during the company's earnings call. Intel doesn't expect revenue to keep growing at this sequential pace in the fourth quarter but still predicts revenue of between $8.1 billion and $8.7 billion.
Rival chipmaker Advanced Micro Devices Inc. saw sales growth without the profit. Sales rose 88% from a year ago and 48% from the second quarter to $954 million, but it lost $31 million.