Intel said its internal foundry operating model took effect in Q1 2024 and that it is changing its segment reporting to match, with Altera reported as a standalone business. The company said prior-period segment data has been retrospectively adjusted and that there are no changes to its consolidated financial statements.

1. 01

   Intel said its internal foundry operating model took effect in Q1 2024 and that it is changing its segment reporting to match, with Altera reported as a standalone business. The company said prior-period segment data has been retrospectively adjusted and that there are no changes to its consolidated financial statements.

2. 02

   Intel reported consolidated net revenue of $54,228 million for 2023, down from $63,054 million in 2022. Operating income was $93 million, and diluted earnings per share were $0.40.

3. 03

   The company said Intel Foundry's 2023 revenue fell to $18.9 billion, down $8.6 billion from 2022, and its operating loss widened to $7.0 billion from an operating loss of $5.2 billion in 2022.

4. 04

   Intel Products revenue fell to $47.7 billion in 2023 from $57.0 billion in 2022, and operating margin declined from 24.4% to 23.8%, the company said. It cited lower revenue across all Intel Products segments and higher unit costs as the factors.

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Original filing

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