Intel Is Again In The Black

$1.5 Billion Ain’t Unhealthy For Three Months Work

The modifications Intel has made internally, sadly together with letting lots of people go, have succeeded in bringing them again to profitability.  Their total revenue might be down 15% from this quarter in 2022, a mere $12.9 billion in comparison with $15.3 billion, however their web earnings elevated by about $2 billion.  Intel went from a $0.5 billion loss to a $1.5 billion revenue because of their price reducing measures, so far as gross sales go they’re nonetheless lowering; unsurprising within the present financial system.

Arc gross sales are buried of their Consumer Computing Group so it’s laborious to say how a lot the GPUs contributed to the $6.8 billion that enterprise unit generated and the way a lot was from CPU gross sales.  They do point out that the Intel Arc Professional A60 and Professional A60M contributed to the gross sales, in addition to respectable demand for thirteenth Gen Core processors.  Hopefully it will translate to extra job safety for these working at Intel in addition to hope for the continued improvement of Battlemage.