Intel’s revenue continues to fall, but the company is at least back to profitability

The report on the results of the second quarter of 2023 financial year has been published

Intel has published results for the second quarter of fiscal year 2023.  

The company’s revenue fell 15% to $12.9 billion. Net profit amounted to $1.5 billion, while a year earlier the company recorded a loss of $0.5 billion. 

Intel’s revenue continues to fall, but the company is at least back to profitability

Among all divisions of the company growth of revenue (by 307%) was shown only by Intel Foundry Services (IFS). All the rest were marked by a drop in revenue. In particular, Client Computing Group (CCG) brought the company $6.8 billion, which is 12% less than a year ago. 

In the new quarter, Intel forecasts revenue of $12.9-13.9 billion.