Intel Corporation - Q2 2022 Intel Corporation Earnings

▪       Second-quarter GAAP revenue of $15.3 billion, down 22% year over year (YoY), and non-GAAP revenue of $15.3 billion, down 17% YoY.

▪       Intel’s Client Computing and Datacenter and AI Groups largely impacted by continued adverse market conditions; Network and Edge Group and Mobileye achieved record quarterly revenue.

▪       Second-quarter GAAP earnings per share (EPS) was $(0.11); non-GAAP EPS was $0.29.

▪       Revising full-year revenue guidance to $65 billion to $68 billion; reiterating full-year adjusted free cash flow guidance.

Full press release