| | | Intel beats by $0.19, beats on revs, non-GAAP gross margin of 45.8% vs. guidance of 43.0%; guides Q4 EPS above consensus, revs above consensus
4:20 PM ET 10/26/23 | Briefing.com
Reports Q3 (Sep) earnings of $0.41 per share, excluding non-recurring items, $0.19 better than the FactSet Consensus of $0.22; revenues fell 7.2% year/year to $14.2 bln vs the $13.57 bln FactSet Consensus.Non-GAAP gross margin of 45.8% vs. guidance of 43.0%.Client Computing Group (CCG) revenue of $7.9 bln, down 3%.Data Center and AI (DCAI) revenue of $3.8 bln, down 10%.Network & Edge revenue of $1.5 bln, down 32%.Co issues upside guidance for Q4, sees EPS of $0.44 vs. $0.33 FactSet Consensus; sees Q4 revs of $14.6-$15.6 bln vs. $14.36 bln FactSet Consensus."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." |
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