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Intel Loss At Q4 2022


Intel had a Q4 loss of  $700 million on revenues down 32% y-o-y at $14 billion.

“Clearly the financials aren’t what we hoped for, but we’re also pleased with the execution process we made,” said CEO Pat Gelsinger (pictured) “the macro is difficult. It was difficult in Q4. We expect it to remain difficult as we go through the first half of the year, but we’re laser focused on controlling the things that we can.”

The PC business saw revenues fall 36% to $6.6 billion and  datacentre business revenues  fell 33% to $4.3 billion.

The Q1 forecast was for revenue of $10.5 billion to $11.5 billion – 37% down y-o-y.

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