Intel (INTC) Q2 2023 earnings results beat revenue expectations on surprise profit

Published July 27, 2023 2:35 PM, by Bill Lavoy

Today, Intel (INTC) reported its Q2 2023 earnings results, and the company announced better than expected results. A specific highlight is the news of an EPS number of $0.13 profit against the expectation of $0.03 per share loss.

Intel reported the following results:

• $12.9 billion actual revenue versus $12.1 billion expected
• Actual EPS of $0.13 profit versus $0.03 expected EPS loss
• Q3 2023 guidance of $0.20 EPS versus $0.16 EPS expected
• Q3 2023 revenue guidance midpoint of $13.4 billion versus $13.2 billion expected

The company had this to say about the results:

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