TechFlow news — Intel Corporation announced its first-quarter earnings under its new financial structure model, as the company aims to position itself as a leader in the AI hardware market.
The company reported first-quarter revenue of $12.7 billion today, an increase of 9% year-over-year. Second-quarter 2024 revenue is expected to be between $12.5 billion and $13.5 billion.
Intel's product sales reached $11.9 billion, up 17% year-over-year. Client Computing Group revenue rose to $7.5 billion, an increase of 31% year-over-year. Data Center and AI products reached $3 billion (up 5% year-over-year), while the Network and Edge segment grew to $1.4 billion (up 8% year-over-year).
Previous report: Intel launched its new AI processor chip, Gaudi 3, which outperforms NVIDIA's H100 chip.
