NASDAQ$INTC
Intel · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Intel's Q3 2022 financial results were released, showing a decrease in revenue compared to the previous year, but significant progress was made in product and process execution.
Intel reported a 20% year-over-year decrease in GAAP revenue, reaching $15.3 billion. The company's GAAP earnings per share (EPS) was $0.25, while non-GAAP EPS was $0.59. Despite the revenue decline, Intel is focused on cost reductions and efficiency gains, aiming for $3 billion in cost reductions in 2023 and $8 billion to $10 billion in annualized cost reductions by the end of 2025.
- Third-quarter GAAP revenue was $15.3 billion, a 20% decrease year-over-year.
- GAAP restructuring charges of $664 million were incurred, reflecting initial cost reduction actions.
- The company aims to drive $3 billion in cost reductions in 2023, with a target of $8 billion to $10 billion in annualized cost reductions by the end of 2025.
- GAAP earnings per share (EPS) was $0.25; non-GAAP EPS was $0.59.
Headline financials
Revenue & EPS history
Intel · Revenue · Quarterly
$15.3B
Revenue by segment
Intel · $12.4B total across 3 segments · Q3 2022
- Client Computing$8.1B—65.5%
- Data Center and AI$4.2B—34.0%
- All Other$67M—0.5%
Forward guidance
Intel provided guidance for Q4 2022, expecting revenue between $14 billion and $15 billion, with a GAAP gross margin of 41.4% and a non-GAAP gross margin of 45.0%. The company anticipates a GAAP earnings per share loss of $(0.10) and a non-GAAP earnings per share of $0.20.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-1.4%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.7%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+10.0%
Q4 2017
Best reaction
-30.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.0% | +41.9% | +79.5% | |
| Q4 2025 | -11.4% | -10.2% | -18.8% | |
| Q3 2025 | -7.0% | +8.3% | -9.6% | |
| Q2 2025 | +1.9% | +8.5% | +10.4% | |
| Q1 2025 | -6.7% | -6.5% | -6.7% | |
| Q4 2024 | -2.9% | -1.8% | +18.6% | |
| Q3 2024 | +4.0% | +4.6% | +7.8% | |
| Q2 2024 | -30.1% | -35.5% | -28.3% | |
| Q1 2024 | -7.6% | -11.7% | -11.0% | |
| Q4 2023 | -11.1% | -12.6% | -12.4% | |
| Q3 2023 | +8.3% | +11.2% | +33.9% | |
| Q2 2023 | +7.2% | +4.2% | -3.2% | |
| Q1 2023 | +6.9% | +2.5% | -0.2% | |
| Q4 2022 | -5.2% | -4.8% | -15.4% | |
| Q3 2022 | +6.8% | +4.0% | +7.8% | |
| Q2 2022 | -9.6% | -10.4% | -17.0% | |
| Q1 2022 | -3.6% | -0.4% | -1.5% | |
| Q4 2021 | -5.8% | -4.3% | -6.5% | |
| Q3 2021 | -10.7% | -12.8% | -10.6% | |
| Q2 2021 | -5.7% | -5.4% | -7.5% | |
| Q1 2021 | -7.0% | -9.0% | -12.0% | |
| Q4 2020 | -3.4% | +1.8% | +8.5% | |
| Q3 2020 | -9.9% | -14.7% | -15.2% | |
| Q2 2020 | -17.1% | -19.3% | -19.3% | |
| Q1 2020 | -1.4% | -2.2% | +3.6% | |
| Q4 2019 | +9.2% | +7.3% | +2.6% | |
| Q3 2019 | +9.2% | +8.9% | +11.4% | |
| Q2 2019 | -2.5% | -2.3% | -15.0% | |
| Q1 2019 | -10.7% | -13.1% | -24.1% | |
| Q4 2018 | -1.9% | -2.9% | +9.5% | |
| Q3 2018 | +7.7% | +12.6% | +9.7% | |
| Q2 2018 | -9.1% | -8.3% | -9.1% | |
| Q1 2018 | +2.6% | +3.8% | +7.9% | |
| Q4 2017 | +10.0% | +7.2% | +4.9% | |
| Q3 2017 | +8.9% | +11.5% | +9.7% | |
| Q2 2017 | +1.6% | +4.6% | -0.2% | |
| Q1 2017 | -2.1% | +0.1% | -1.8% | |
| Q4 2016 | +0.5% | -2.6% | -3.4% | |
| Q3 2016 | -4.8% | -5.7% | -6.1% | |
| Q2 2016 | -2.5% | -1.3% | +0.3% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | -6.7% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | +10.0% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | -4.2% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | -3.9% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | +4.3% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q4 2008 | -0.7% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q1 2009 | -1.2% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2007 | -2.1% | — | — | |
| Q3 2009 | -3.2% | — | — | |
| Q3 2008 | -3.2% | — | — | |
| Q2 2009 | +0.4% | — | — | |
| Q2 2008 | +0.4% | — | — |
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