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Intel Corporation

Intel Corporation Q2 2023 Earnings Analysis

Reported on 2023-07-28 / Fiscal Quarter Q2 2023
Revenue Down YoY Sequential Improvement Margin Improving EPS Up YoY Mixed Quarter
Intel Corporation reported a mixed Q2 2023, with softer revenue but early signs of profitability stabilization.

Revenue declined 15.5% year over year and rose 10.5% sequentially. Margins improved from the previous quarter, suggesting stronger cost discipline and operational efficiency. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

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Source: Company filings / processed earnings data
Revenue
$12.9B
YoY: -15.482%
QoQ: 10.5335%
Net Income
$1.5B
YoY: -426.2115%
QoQ: 153.7%
EPS (Diluted)
$0.35
YoY: 418.18%
Net Margin
11.4%
YoY: 14.4 pts
QoQ: 34.98 pts
Gross Margin
35.8%
Operating Margin
-7.8%
Growth

Revenue trend

Revenue remains weak year over year, but sequential improvement suggests near-term stabilization.

Profitability

Margin and earnings quality

Margins improved from last quarter, suggesting that cost controls are starting to offset topline weakness.

Investor Focus

What matters next

The earnings story is shifting from pure growth toward efficiency, pricing discipline, and margin defense.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Intel Corporation reported $12.9B in revenue for Q2 2023, down 15.5% YoY and up 10.5% QoQ. The result suggests that although topline pressure remains, quarterly demand may be starting to stabilize.

Revenue Snapshot
Current Quarter $12.9B
Previous Quarter $11.7B
Same Quarter Last Year $15.3B
YoY Change -15.5%
QoQ Change +10.5%

Profitability Analysis

Net income came in at $1.5B, down 426.2% YoY and up 153.7% QoQ. Net margin was 11.4%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.

Profitability Snapshot
Net Income $1.5B
EPS $0.35
Net Margin 11.4%
QoQ Margin Change +35 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Intel Corporation's revenue in Q2 2023?

Intel Corporation reported revenue of $12.9B in Q2 2023.

What was Intel Corporation's net income in Q2 2023?

Intel Corporation reported net income of $1.5B in Q2 2023.

How did Intel Corporation's revenue change year over year?

Intel Corporation's revenue decreased by 15.5% year over year in Q2 2023.

What was Intel Corporation's net margin in Q2 2023?

Intel Corporation's net margin was 11.4% in Q2 2023.

Related
Intel Corporation Q1 2023 Earnings

Compare this quarter with the previous earnings report.

Related
Intel Corporation Company Overview

Explore company profile, industry, and historical context.

Related
Intel Corporation Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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