Yesterday Intel published their 2012 Q1 earnings and revenue report, and things are looking pretty good for the technology giant going into Q2. Revenue came in at just under $13 billion, with an operating income of $3.8 billion, and a net income of $2.7 billion. Not too shabby!

They generated approximately $3 billion from operation and used $1.5 billion to repurchase stock and paid out dividends around $1 billion to stockholders. These are good numbers for Intel but, they have more ambitious plans for Q2.

Paul Otellini, president and CEO at Intel explains:

“The first quarter was a solid start to what’s expected to be another growth year for Intel,”

“In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”

Let’s take a look at what Intel looks like for Q2 2012:

* Revenue: $13.6 billion, plus or minus $500 million.

* Depreciation: approximately $1.6 billion.

And for the rest of 2012:

* Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points, unchanged.

* Full-year capital spending: $12.5 billion, plus or minus $400 million, unchanged.

With the new product lines expected to be delivered this quarter, and the unavailing of new collaborations on the way, it looks like Intel is set for more growth again this year. Investors can look forward to consistent returns and possibly new acquisitions which could bring even more value to the brand.