Intel (INTC) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose sequentially but fell compared to the same period a year earlier. The sequential improvement reversed a prior decline, while the year-over-year decrease continued a multi-quarter trend.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose sequentially but fell compared to the same period a year earlier. The sequential improvement reversed a prior decline, while the year-over-year decrease continued a multi-quarter trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.2B
Revenue reported for this quarter.
Quarter-over-quarter
+9.3%
Change from the immediately preceding quarter.
Year-over-year
-7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$52.9B
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 |
|---|---|---|
| Dec 31, 2022 | $14B | -31.6% |
| Apr 1, 2023 | $11.7B | -36.2% |
| Jul 1, 2023 | $12.9B | -15.5% |
| Sep 30, 2023 | $14.2B | -7.7% |
Revenue performance
The reported revenue increased from the immediately preceding quarter, marking a positive sequential change. However, it remained below the level achieved in the same quarter one year ago.
Quarterly comparison
Compared to the prior quarter, revenue improved, ending a streak of sequential declines seen in earlier periods. Versus the same quarter last year, revenue was lower, reflecting ongoing year-over-year contraction.
What to watch
Monitor whether the sequential revenue growth can be sustained in the coming quarters amid persistent year-over-year declines.