Intel Corporation revealed on Thursday that its revenue for the second quarter of fiscal 2023 landed at $12.9 billion, sliding 15% compared to the same timeframe a year prior.
Meanwhile, net income attributable to Intel in the second trimester came in at $1.5 billion, recovering strongly from a net loss of $0.5 billion registered in the same period in 2022. In addition, earnings per share rose to $0.35 from losses per share which stood at $0.11 in the same three-month period a year ago. For the third quarter, the company sees its revenue coming in at between $12.9 billion and $13.9 billion.
"Our Q2 results exceeded the high end of our guidance as we continue to execute on our strategic priorities, including building momentum with our foundry business and delivering on our product and process roadmaps," CEO Pat Gelsinger said. Intel's stock jumped 6.16% in the after-hours trading.
