Another Quarter, Another $2.8 Billion Loss For Intel

One other Quarter, One other $2.8 Billion Loss For Intel

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On The Plus Aspect, They Killed Their Bitcoin Mining ASIC

Intel didn’t have excellent news for traders this quarter, reporting the most important loss within the firm’s historical past and a 133% annual discount in earnings per share.  Sadly this information will not be surprising, as demand for brand new computer systems and parts proceed to fall each manufacture have seen critical declines in earnings, at finest.  Nobody is anticipating excellent news subsequent quarter both.

As Ars Technica factors out, a few of Intel’s issues are distinctive to them, such because the delay within the launch of Sapphire Rapids which has helped AMD take an excellent bigger share of server gross sales.  That improve has helped AMD’s earnings, however even they’re having a tricky 2023.   Intel’s earnings have been down 36% 12 months over 12 months to a mere $11.7 billion.  That may be a bit over the expected earnings of $11.04 billion however nowhere close to what they made right now final 12 months.

We have no idea how a lot Arc GPU gross sales accounted for his or her earnings because the AXG graphics division was absorbed into the shopper computing and knowledge heart teams, and is not reported individually.  The loss for Intel might result in extra downsizing, although after final 12 months’s layoffs that may be tough to handle.  Hold a watch out for extra earnings studies, for it’s that point of 12 months.

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