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Question Intel Q3 Results

Only interesting news

Intel continues to make progress with its goal of achieving five nodes in four years. Intel 4 is progressing towards high-volume-manufacturing, and the company expects to tape out a production stepping of Meteor Lake in the fourth quarter, the final step in taking the 14th Gen Intel® Core® processors from the design phase to early production in silicon.
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Does that mean we will get more fine tuned dates of when MTL will release.
 
The good.
  • Mobileye continues to grow.
  • EPS and revenue as good as the "street" expectations or slightly better. Edit: EPS was much better than expected.
  • Networking continues to grow.
  • Supposedly increased engagement with IFS but no new real firm commitments mentioned.
  • Supposedly Intel 4 and beyond nodes are on schedule.
The bad.
  • Data center and CCG both down significantly. Data center seeing the worst decrease.
  • IFS revenue not growing currently.
  • Graphics revenue grew but is still a really small piece of the pie. I imagine this unit is losing significant money.
  • Gross margins are down and they are overall still losing money each quarter (dividend adjustment needed?).
  • Projected Q4 revenue is down from Q3 when traditionally Q4 should be the highest revenue quarter in the year.
  • Intel is projected to lose even more money in Q4.
 
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Here's operating income by segment. As I suspected, graphics is losing a ton of money ($378 million loss on $185 million revenue). IFS is losing a decent amount as well. Intel also appears to be pricing their data center and AI products at almost cost to try and maintain as much market share as they can, they only had $17 million operating income in data center and AI on $4.2 billion in revenue. They desperately need SPR in the market.

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from what I have read, SPR won't be a big seller, as many have switched to EPYC, and I am sure more will.
 
nicalandia said:
It's too late to make an impact, they need to release Emerald and Granite rapids as fast as they can.
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Can those touch Genoa ? I think those are already going out to customers. Hell, even I now have dual Milan 64 core's.
 
Markfw said:
Can those touch Genoa ? I think those are already going out to customers. Hell, even I now have dual Milan 64 core's.
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Emerald adds 4 more cores(64 Core totals), should bring Raptor Cove enhancements, but overall not going to compete well with Genoa, but what I was saying is that Intel needs to demonstrate to investors that they can execute on a timely manner at the very high end where is the most profitable...
 
Karnak said:
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At least the slide is still glossy and features a grandiose photo, right guys?
 
Yeah next year is going to be *rough* for Server side for Intel especially AMD shfiting producting to the CPU side with Genoa & Genoa-X. I mean SPR and EMR next year but is AMD ships enough Genoa(-X) out there AMD can easily dominate next year. 2024 onwards is a bigger question on how fast Intel can deliver on GNR and onwards.
 
Next year is going to be rough for intel on client side too since AMD was production constrained for much of 2022 but their 5nm parts will come into client space over the next year while intel won't easily be able to compete in perf/watt. Laptops are a major part of Intel's client segment and they are not going to do well given by both company's roadmaps.
 
IMO, Intel has made the intentional "ZERO" operating margin of DCAI...

Intel has made customers waiting for about 1 year.
It's reasonable for DCAI to take responsibility and work as self-sacrifice.
In a word, Intel is "NOT" on the stage, works for shareholders...
 
lightisgood said:
IMO, Intel has made the intentional "ZERO" operating margin of DCAI...

Intel has made customers waiting for about 1 year.
It's reasonable for DCAI to take responsibility and work as self-sacrifice.
In a word, Intel is "NOT" on the stage, works for shareholders...
Click to expand...
Would you please elaborate further on this point?
 
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