Intel's fiscal third quarter revenue of $14.2 billion: down 8% year-on-year, but higher than market expectations

News from this site on October 27, Intel announced its third fiscal quarter report for fiscal year 2023 on October 26, local time, with third quarter revenue of US$14.2 billion (notes from this site: currently approximately 103.944 billion yuan) , dropped 8% year-on-year, and the market expected US$13.54 billion.

Of which client computing revenue was US$7.9 billion (currently approximately 57.828 billion yuan), decreased by 3% year-on-year, The forecast is US$7.4 billion; data center and artificial intelligence business revenue is US$3.8 billion (currently about 27.816 billion yuan), a decrease of 10% year-on-year, and the market expected US$3.9 billion.

Intel’s third fiscal quarter net profit was approximately US$300 million (currently approximately 2.196 billion yuan), and adjusted earnings per share (EPS) was US$0.41, higher than expected. The official performance table attached to this site is as follows:

After the results were released, Intel's stock price jumped 8% in after-hours trading.

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