Inside Intel: Revenue deterioration halts in key consumer, AI segments
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Intel (NASDAQ:INTC) beat expectations with its second-quarter revenue figure, despite a top-line total that fell almost 16% from last year. This came as the firm managed to halt quarter-over-quarter declines in two of its key business segments, potentially signaling a stabilization for the chipmaker, which has been hurt in recent years by deteriorating demand for PCs and notebooks.
INTC's Q2 results showed revenue for its Client Computing segment, which includes semiconductors for PCs and notebooks, coming in at $6.8B. This was down sharply from the previous year's level of around $7.7B and a far cry from the more than $10B that the unit averaged each quarter in 2021.

Still, the Client Computing segment, the biggest contributor to INTC's overall revenue, showed sequential growth - a rarity in recent years. The second-quarter figure represented an uptick from the $5.8B seen in the first-quarter, breaking a streak of three straight earnings reports showing quarterly declines.

Elsewhere, the firm's Data Center and AI segment also showed improvement from the first-quarter, as revenue came in at $4B, up from $3.7B in the first quarter of fiscal 2023. The figure totaled $4.6B in the second-quarter of fiscal 2022.


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