Intel's revenue for the last three months was down 15% versus this time last year, but CEO Pat Gelsinger doesn't seem to mind. He says of the company's latest earnings represent "just great execution across every aspect of the business." A surprisingly positive sentiment for what might appear on the surface to just be more bad news.
The reason for that positivity is that Intel is back to making money after a few rocky quarters underperforming in 2022. Last quarter, Intel lost $2.8B from $12B in revenue. This quarter, Intel made $1.5B from $13B in revenue.
