Intel Is Back to Profitability But Lowers Expectations for Q4 2024


Level 85
Thread author
Honorary Member
Top Poster
Content Creator
Malware Hunter
Aug 17, 2014
Intel has announced its financial results for its third quarter of fiscal 2023. Intel is back to profitability after earning $15.3 billion in revenue, down 20% year-over-year. Still, the company had to lower its guidance for the fourth quarter due to macroeconomic weakness and continued challenges for its client and data center business units.

Intel's Q3 FY2023 revenue totaled $15.3 billion, down 20% compared to the same quarter a year ago, but what was within the company's guidance was provided back in July. In addition, Intel's gross margin was down to 45.9%, which is higher when compared to the company's gross margin in Q2 but is still well below the company's historical results or long-term goals. As for the company's net income, it dropped 85% YoY to $1 billion.

"Despite the worsening economic conditions, we delivered solid results and made significant progress with our product and process execution during the quarter," said Pat Gelsinger, Intel CEO.


(Image credit: Intel)

About us

  • MalwareTips is a community-driven platform providing the latest information and resources on malware and cyber threats. Our team of experienced professionals and passionate volunteers work to keep the internet safe and secure. We provide accurate, up-to-date information and strive to build a strong and supportive community dedicated to cybersecurity.

User Menu

Follow us

Follow us on Facebook or Twitter to know first about the latest cybersecurity incidents and malware threats.