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Pat Gelsinger quote, Aug 1, 2024

CEO, Intel · Aug 1, 2024 · Earnings, Intel Q2 2024 earnings release (SEC Form 8-K, Exhibit 99.1)

Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones. Second-half trends are more challenging than we previously expected, and we are leveraging our new operating model to take decisive actions that will improve operating and capital efficiencies while accelerating our IDM 2.0 transformation...

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Words found on the source page on Sep 25, 2026.

More from Pat Gelsinger

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With Intel 3 in high-volume production, leading-edge semiconductors are being manufactured in the U.S. for the first time in almost a decade and we are on track to regain process leadership next year as we grow Intel Foundry.Apr 25, 2024· Earnings
In 2024, we remain relentlessly focused on achieving process and product leadership, continuing to build our external foundry business and at-scale global manufacturing, and executing our mission to bring AI everywhere as we drive long-term value for stakeholders.Jan 25, 2024· Earnings
We are executing well on our roadmap to regain transistor performance and power performance leadership by 2025, building momentum with customers and the broader ecosystem and investing to deliver the geographically diverse and resilient manufacturing footprint the world needs.Aug 16, 2023· Earnings

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The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.Hock TanJun 3, 2026· Earnings
About this quote
Said by
Pat Gelsinger, CEO, Intel
Where
Intel Q2 2024 earnings release (SEC Form 8-K, Exhibit 99.1)
Topics
Chips
Company
Intel
Source
sec.gov/Archives/edgar/data/50863/000005086324000122/q224_earningsrelease.htm

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