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Revenue fell 15% year-over-year to $12.9 billion, beating the consensus estimate of $12.09 billion. Client Computing (CCG) was down 12% year-over-year to $6.8 billion, Data Center and AI (DCAI) was down 15% to $4.0 billion, Network and Edge (NEX) was down 38% to $1.4 billion, Mobileye was down 1% to $454 million, while Intel Foundry Services (IFS) was up 307% to $232 million.
“Our Q2 results exceeded the high end of our guidance as we continue to execute on our strategic priorities, including building momentum with our foundry business and delivering on our product and process roadmaps,” said CEO Pat Gelsinger.
For Q3/23, the company expects revenue in the range of $12.9 billion-13.9 billion, compared to the consensus estimate of $13.23 billion.
