Intel just took the worst beating in earnings in over a decade

Intel’s fourth quarter in 2022 encompassing the holiday season was the worst in the company’s history, as it reported a 32% drop in revenue since the holiday quarter of 2021.

Intel posts loss for 2022Intel posts loss for 2022

The company shared its results for the fourth quarter of 2022 and the entirety of the year. Its fourth-quarter revenue of $14 billion was down 32% year-over-year, and its revenue for the entire year was $63.1 billion, down 20% year-over-year.

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