•
Apr 01, 2023
Intel Q1 2023 Earnings Report
Intel's first-quarter results were reported, showing progress in their transformation.
Key Takeaways
Intel reported Q1 2023 revenue of $11.7 billion, a 36% decrease year-over-year. The company's GAAP EPS was $(0.66), while the non-GAAP EPS was $(0.04). The company exceeded its first-quarter expectations on the top and bottom line.
First-quarter revenue was $11.7 billion, down 36% year over year.
GAAP earnings per share attributable to Intel was $(0.66).
Non-GAAP EPS attributable to Intel was $(0.04).
Second-quarter revenue is forecasted to be $11.5 billion to $12.5 billion.
Intel
Intel
Intel Revenue by Segment
Forward Guidance
Intel's guidance for the second quarter of 2023 includes revenue of $11.5-12.5 billion, a gross margin of 33.2%, and EPS of $(0.62).
Revenue & Expenses
Visualization of income flow from segment revenue to net income