Results within the forecasted range, albeit at lower end of the range.
https://www.intc.com/news-events/press-releases/detail/1586/intel-reports-third-quarter-2022-financial-results
3 replies (most recent on top)
Another operating loss (just the second one in the last 25 years, Q2 being the first), and second lowest operating cash flow (first was Q2 as well). Positive GAAP income only due to tax related accounting tricks. How's that super?
Layoff thousands for cost savings, but then hire even more thousands - the Intel way.
But read the right-sizing the organization stats. $3B in savings next year, $8-10B by end of 2025. It’s gonna be a slow burn