Intel reports net loss, revenue decline in first quarter


SAN FRANCISCO, April 27 (Xinhua) -- Intel Corporation on Thursday reported its financial results for the first quarter of 2023, with a revenue of 11.7 billion U.S. dollars, down 36 percent year on year.

The company's Generally Accepted Accounting Principles (GAAP) quarter net loss was 2.8 billion dollars, as against a net income of 8.1 billion dollars year over year. Its non-GAAP quarter net loss was 0.2 billion dollars, as against a net income of 3.6 billion dollars a year ago.

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