[span style="font-weight: 400;"] Second-quarter revenue of $12.9 billion, down 15% year over year (YoY).[/span]
<li style="font-weight: 400;">Second-quarter earnings per share (EPS) attributable to Intel was $0.35; non-GAAP EPS attributable to Intel was $0.13.</li>
<li style="font-weight: 400;">Second-quarter results on the top and bottom line exceeded the high end of guidance; company continues to execute strategy with momentum across process and product technology and foundry.</li>
<li style="font-weight: 400;">Forecasting third-quarter 2023 revenue of approximately $12.9 billion to $13.9 billion; expecting third-quarter EPS attributable to Intel of $0.04; non-GAAP EPS attributable to Intel of $0.20.</li>
[span style="font-weight: 400;"] [/span]
[span style="font-weight: 400;"]SANTA CLARA, Calif., July 27, 2023 – Intel Corporation today reported second-quarter 2023 financial results.[/span]
[span style="font-weight: 400;"]“Our Q2 results exceeded the high end of our guidance as we continue to execute on our strategic priorities, including building momentum with our foundry business and delivering on our product and process roadmaps,” said Pat Gelsinger, Intel CEO. “We are also well-positioned to capitalize on the significant growth across the AI continuum by championing an open ecosystem and silicon solutions that optimize performance, cost and security to democratize AI from cloud to enterprise, edge and client.”[/span]
[span style="font-weight: 400;"]David Zinsner, Intel CFO, said, “Strong execution, including progress towards our $3 billion in cost savings in 2023, contributed to the upside in the quarter. We remain focused on operational efficiencies and our Smart Capital strategy to support sustainable growth and financial discipline as we improve our margins and cash generation and drive shareholder value.”[/span]
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