Intel's third-quarter revenue of $14.2 billion: down 8% from a year earlier, but higher than market expectations

CTOnews.com, October 27 (Xinhua)-- Intel released its fiscal 2023 fiscal third quarter report on October 26, local time, with revenue of $14.2 billion (CTOnews.com Note: currently about 103.944 billion yuan), down 8% from a year earlier, and the market is expected to be $13.54 billion.

Of this total, client computing revenue was $7.9 billion (currently about 57.828 billion yuan), down 3 percent from the same period last year and expected to be $7.4 billion; data center and artificial intelligence business revenue was $3.8 billion (currently about 27.816 billion yuan), down 10 percent from the same period last year. The market expects $3.9 billion.

Intel's third-quarter net profit was about $300m (currently about 2.196 billion yuan) and adjusted earnings per share (EPS) of $0.41, higher than expected. CTOnews.com has attached an official performance table as follows:

Intel shares jumped 8 per cent in after-hours trading after the results were announced.