It expects Q4 revenue to resume growth to reach $14.6 billion to $15.6 billion.
“We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps, agreements with new foundry customers, and momentum as we bring AI everywhere,” said CEO Pat Gelsinger.
Profit was $297 million down from $1.02 billion in Q3 2022. Margin was 45.8%.
Opex was down 15% y-o-y and Intel says it will cut costs by $3 billion this year.
PC sales were down 3% to $7.9 billion.
Data Centre sales were down 10% to $3.8 billion.
Mobileye sales grew 18% to $530 million.
Intel foundry services had sales of $311 million – up up nearly 300% y-o-y.
Network and edge division sales fell 32% to $1.5 billion.
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