Revenue dropped to $14.2 billion from $15.3 billion, while the FactSet consensus called for $13.6 billion.
The company saw revenue from its personal-computer segment, known as client-computing, drop 3% to $7.9 billion, whereas analysts were looking for $7.3 billion. Data-center and AI revenue fell 10% to $3.8 billion, narrowly missing the FactSet consensus, which was $3.9 billion.
Intel recorded a 45.8% adjusted gross margin, compared with 39.8% in the second quarter. The company’s forecast had been for about 43%.
Intel shares have climbed 24% so far this year, as the Dow Jones Industrial Average DJIA has lost about 1%.
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