Intel Q2 financials beat projections

Sales and income exceeded projections, but at $12.9 billion in revenue and $1.5 billion in income, were still down year over year.

Andy Patrizio

Intel’s client and server processor sales are still down year over year, but the numbers are better than the previous quarter. Intel had a better-than-expected second quarter for 2023, posting revenue and net income that exceeded Wall Street analyst projections. However, on a closer look, things are not quite as rosy as they were made out to be. On a GAAP basis, the company earned an adjusted $1.5 billion, or 35 cents a share on sales of $12.9 billion in the second calendar quarter ending June 30, 2023.On a non-GAAP basis, net income was $500 million, or 13 cents per

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