Intel issued an upbeat forecast for Q4, expecting a revenue of $19.1 billion and an EPS of $1.52.
Intel reported a Q3 2023 revenue of $18.33 billion, slightly above the predicted $18.24 billion.
Intel's data center group reported a revenue of $6.5 billion, a 10% increase year over year.
The company's earnings per share (EPS) stood at $1.71, surpassing the expected $1.62.
Intel Corporation, a leading global technology company, has released its Q3 earnings report for 2023. The company reported a revenue of $18.33 billion, which is slightly above the $18.24 billion predicted by analysts. Intel's earnings per share (EPS) stood at $1.71, surpassing the expected $1.62. The company's data center group, which is a significant revenue generator, reported a revenue of $6.5 billion, a 10% increase year over year.
Intel's Client Computing Group, responsible for PC chips, reported a revenue of $9.7 billion, a 6% increase compared to the same period last year. The company's Internet of Things Group also saw a revenue increase of 47% to $1.1 billion. However, the Mobileye segment, which focuses on autonomous driving and driver-assistance systems, reported a slight decrease in revenue to $1.03 billion.
In terms of future outlook, Intel has issued an upbeat forecast for Q4, expecting a revenue of $19.1 billion and an EPS of $1.52. This optimistic outlook is based on the company's strong performance in Q3 and the expected demand in the holiday season. However, the company also acknowledged the ongoing global chip shortage and its potential impact on future performance.
The article provides a detailed analysis of Intel's previous quarter performance and its impact on the upcoming Q3 earnings.
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Yahoo Finance is owned by Verizon Communications. Verizon could potentially benefit from positive or negative coverage of tech companies like Intel, as it is also a major player in the tech industry.
The article includes comments from Intel's CEO on the company's performance and future outlook.
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CNBC is owned by NBCUniversal, a subsidiary of Comcast Corporation. Comcast, being a large telecommunications company, could potentially benefit from the coverage of tech companies like Intel.
The article provides a video summary of Intel's Q3 forecast.
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Yahoo Finance is owned by Verizon Communications. Verizon could potentially benefit from positive or negative coverage of tech companies like Intel, as it is also a major player in the tech industry.
The article provides a comparison of Intel's performance with its competitors.
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MarketWatch is a subsidiary of Dow Jones, which is owned by News Corp. News Corp has a wide range of media interests and could potentially benefit from the coverage of tech companies like Intel.