Intel has reported second-quarter 2019 financial results. It generated US$7.6 billion in cash from operations, paid dividends of US$1.4 billion and used US$3 billion to repurchase 67 million shares of stock.

"Second quarter results exceeded our expectations on both revenues and earnings, as the growth of data and compute-intensive applications are driving customer demand for higher performance products in both our PC-centric and data-centric businesses," said Bob Swan, Intel CEO. "Based on our outperformance in the quarter, we are raising our full-year guidance. Intel's ambitions are as big as ever, our collection of assets is unrivaled, and our transformation continues."

Intel's second-quarter revenues of US$16.5 billion were US$900 million higher than April guidance. Intel achieved 1% growth in the PC-centric business while data-centric revenues declined 7%.

Extremely inefficient money making machine for rich (who get all money via stock buybacks directly or via investment funds.