Intel (INTC) Revenue — Quarter Ended Apr 1, 2023
Revenue for the quarter declined compared to both the prior quarter and the same period last year. The company's top line continued its downward trajectory from recent quarters.
Key takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue for the quarter declined compared to both the prior quarter and the same period last year. The company's top line continued its downward trajectory from recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.7B
Revenue reported for this quarter.
Quarter-over-quarter
-16.6%
Change from the immediately preceding quarter.
Year-over-year
-36.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$56.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $15.3B | -22.0% |
| Oct 1, 2022 | $15.3B | -20.1% |
| Dec 31, 2022 | $14B | -31.6% |
| Apr 1, 2023 | $11.7B | -36.2% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, reflecting ongoing headwinds. On a year-over-year basis, the decline was even more pronounced.
Quarterly comparison
Compared to the prior quarter, revenue fell, and the year-over-year comparison showed a larger contraction. The trailing twelve-month revenue also reflected the sustained decline.
What to watch
The company's forward-looking statements mention risks and uncertainties, but no specific revenue drivers are provided in the filing context.