It expects Q4 revenue to resume growth to reach $14.6 billion to $15.6 billion.
“We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps, agreements with new foundry customers, and momentum as we bring AI everywhere,” said CEO Pat Gelsinger.
Profit was $297 million down from $1.02 billion in Q3 2022. Margin was 45.8%.
Opex was down 15% y-o-y and Intel says it will cut costs by $3 billion this year.
PC sales were down 3% to $7.9 billion.
Data Centre sales were down 10% to $3.8 billion.
Mobileye sales grew 18% to $530 million.
Intel foundry services had sales of $311 million – up up nearly 300% y-o-y.
Network and edge division sales fell 32% to $1.5 billion.
Stay up to date with the latest in industry offers by subscribing us. Our newsletter is your key to receiving expert tips.
As the global semiconductor market enters the fourth quarter of 2026, supply and demand dynamics continue to evolve. Demand from AI servers, data centers, and automotive electronics remains strong, ti
As the memory chip shortage is expected to persist through 2027, independent smartphone and laptop manufacturers are being forced to redesign products, screen incoming chips for counterfeit or substan
Yageo posted year-over-year and month-over-month revenue growth in August, extending its streak of record monthly highs to a sixth straight month. The passive components maker said strong AI-related d
