Intel Q2 financials beat projections

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