INTEL CORPORATION Reports Q2 FY2023 Earnings Results on July 27
August 1, 2023
🌥️Earnings Overview
On July 27, INTEL CORPORATION ($NASDAQ:INTC) released their results for the second quarter of their FY2023, as of June 30 2023. A total revenue of USD 12949.0 million was reported, showing a 15.5% decrease from the prior year. Despite this, the net income was an impressive USD 1481.0 million, a massive improvement from the -454.0 million reported in the previous year.
Price History
On Thursday, July 27, INTEL CORPORATION (INTC) reported its second quarter fiscal year 2023 (Q2 FY2023) earnings results. Upon the release of the earnings report, INTC shares opened at $34.8 and closed at $34.6, representing a 0.6% increase from the prior closing price of $34.4. This increase is largely attributed to the strong demand for its products, as well as its successful cost-saving initiatives implemented over the past few quarters.
With such strong financial performance, INTEL CORPORATION has reaffirmed its commitment to providing shareholders with value in the form of stock repurchases and dividend payments. Overall, INTEL CORPORATION’s Q2 FY2023 earnings report reflects a promising financial outlook for the company, as well as its commitment to creating value for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 54.04k | -922 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intel Corporation. More…
| Operations | Investing | Financing |
| 9.76k | -19.39k | 13.59k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 185.63k | 81.16k | 24.22 |
Key Ratios Snapshot
Some of the financial key ratios for Intel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.9% | -52.9% | -4.2% |
| FCF Margin | ROE | ROA |
| -31.0% | -1.4% | -0.8% |
Analysis
At GoodWhale, we have conducted an analysis of INTEL CORPORATION‘s financials. Based on our Risk Rating, INTEL CORPORATION is a medium risk investment when considering both financial and business aspects. We have detected one risk warning in the non-financial category, which we encourage our users to register with us in order to explore more. Our Risk Rating system provides a comprehensive assessment of the potential risks associated with investing in INTEL CORPORATION. With this information, potential investors can make more informed decisions about whether to invest in the company. More…
Peers
With the ever-growing competition in the world of technology, it is no surprise that there is a constant battle between the top companies in the industry. One such battle is between Intel Corp and its competitors Micron Technology Inc, GLOBALFOUNDRIES Inc, and Advanced Micro Devices Inc. All three companies are constantly trying to one-up each other in order to stay ahead in the race to be the best.
– Micron Technology Inc ($NASDAQ:MU)
The company’s market cap as of 2022 is 58.16B. The company’s ROE is 12.3%. The company is a leading provider of semiconductor solutions. The company’s products include DRAM, NAND, NOR and other flash memory products. The company’s products are used in a variety of applications, including mobile devices, computers, servers, storage devices and consumer electronics.
– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)
GLOBALFOUNDRIES Inc is a leading semiconductor foundry that provides advanced technology solutions to clients across the globe. The company has a market cap of 26.85B as of 2022 and a ROE of 5.09%. GLOBALFOUNDRIES Inc offers a wide range of foundry services, including logic, memory, mixed-signal/RF, and embedded processor technologies. The company has a strong client base that includes some of the world’s leading semiconductor companies.
– Advanced Micro Devices Inc ($NASDAQ:AMD)
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. Its main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.
As of 2022, AMD has a market capitalization of $93.57 billion and a return on equity of 4.13%. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, servers, and mobile devices.
Summary
INTEL CORPORATION has reported impressive Q2 financial results for FY2023, with total revenue of USD 12949.0 million, a 15.5% decrease from the previous year, and net income of USD 1481.0 million, which is a remarkable improvement from the -454.0 million reported in the prior year. While investors may be concerned by the year-on-year revenue decline, the strong net income numbers suggest positive momentum for INTEL CORPORATION. With a strong balance sheet and outlook, INTEL CORPORATION is well-positioned to capitalize on opportunities in the technology sector and continue to deliver returns to its shareholders.
Related Posts
Recent Posts
