Intel posted Q3 revenue of $14.2 billion, down 8% from the same period last year.
Intel also said that it remains on track to meet its goal of achieving five nodes in four years and to regain transistor performance and power performance leadership by 2025. Along with Intel 7, Intel 4, the company’s first node using extreme ultraviolet (EUV) technology, is now in high-volume manufacturing. Intel also achieved a critical milestone on Intel 18A with the release of the 0.9 PDK
Client Computing Group (CCG) revenue was $7.9 billion, down 3%
Data Center and AI (DCAI) revenue was $3.8 billion, down 10%
Network and Edge (NEX)revenue was $1.5 billion, down 32%
Mobileye revenue was $530 million, up 18%
Intel Foundry Services (IFS) revenue was $311 million, up 299%
“We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps, agreements with new foundry customers, and momentum as we bring AI everywhere,” said Pat Gelsinger, Intel CEO. “We continue to make meaningful progress on our IDM 2.0 transformation by relentlessly advancing our strategy, rebuilding our execution engine and delivering on our commitments to our customers.”