One other Quarter, One other $2.8 Billion Loss For Intel

On The Plus Facet, They Killed Their Bitcoin Mining ASIC

Intel didn’t have excellent news for traders this quarter, reporting the biggest loss within the firm’s historical past and a 133% annual discount in earnings per share.  Sadly this information shouldn’t be surprising, as demand for brand spanking new computer systems and parts proceed to fall each manufacture have seen severe declines in earnings, at finest.  Nobody is anticipating excellent news subsequent quarter both.

As Ars Technica points out, a few of Intel’s issues are distinctive to them, such because the delay within the launch of Sapphire Rapids which has helped AMD take a good bigger share of server gross sales.  That improve has helped AMD’s earnings, however even they’re having a tricky 2023.   Intel’s earnings have been down 36% yr over yr to a mere $11.7 billion.  That may be a bit over the anticipated earnings of $11.04 billion however nowhere close to what they made right now final yr.

We have no idea how a lot Arc GPU gross sales accounted for his or her earnings because the AXG graphics division was absorbed into the consumer computing and knowledge heart teams, and is not reported individually.  The loss for Intel could result in extra downsizing, although after final yr’s layoffs that could be tough to handle.  Preserve an eye fixed out for extra earnings stories, for it’s that point of yr.