Intel Half-Year Report 2023

• Second-quarter revenue of $12.9 billion, down 15% year over year (YoY).
• Second-quarter earnings per share (EPS) attributable to Intel was $0.35; non-GAAP EPS attributable to Intel was $0.13.
• Second-quarter results on the top and bottom line exceeded the high end of guidance; company continues to execute strategy with momentum across process and product technology and foundry.
• Forecasting third-quarter 2023 revenue of approximately $12.9 billion to $13.9 billion; expecting third-quarter EPS attributable to Intel of $0.04; non-GAAP EPS attributable to Intel of $0.20.

David Zinsner, Intel CFO, said, “Strong execution, including progress towards our $3 billion in cost savings in 2023, contributed to the upside in the quarter. We remain focused on operational efficiencies and our Smart Capital strategy to support sustainable growth and financial discipline as we improve our margins and cash generation and drive shareholder value.”