Intel (INTC) Revenue — Quarter Ended Jul 1, 2023
Revenue for the quarter increased compared to the immediately preceding period, marking a sequential recovery. However, it declined relative to the same quarter one year earlier, continuing a year-over-year contraction.
Key takeaway
Quarter ended Jul 1, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding period, marking a sequential recovery. However, it declined relative to the same quarter one year earlier, continuing a year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.9B
Revenue reported for this quarter.
Quarter-over-quarter
+10.5%
Change from the immediately preceding quarter.
Year-over-year
-15.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$54B
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 |
|---|---|---|
| Oct 1, 2022 | $15.3B | -20.1% |
| Dec 31, 2022 | $14B | -31.6% |
| Apr 1, 2023 | $11.7B | -36.2% |
| Jul 1, 2023 | $12.9B | -15.5% |
Revenue performance
The sequential improvement reversed the prior quarter's decline, while the year-over-year decrease remained substantial. The trailing twelve-month revenue reflected the cumulative impact of recent quarterly results.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose, breaking a streak of sequential declines. Versus the same quarter a year earlier, revenue was lower, consistent with the broader downward trend seen over the past several quarters.
What to watch
Monitor whether the sequential recovery can be sustained amid ongoing year-over-year declines.