Reported 1 day ago
Intel's Q2 revenue reached $12.86 billion, surpassing estimates of $11.88 billion, but the company posted an adjusted loss of $0.10 per share against an expected profit. Looking forward to Q3, Intel projects revenue between $12.6 billion and $13.6 billion. Additionally, Intel plans to cut its workforce by about 15%, aiming for a headcount of 70,000 by the year's end.
Source: YAHOO