Intel Corporation reported its Q3 2024 results with a total revenue of $13.28 billion, reflecting a modest increase of 3.51% from the previous quarter, driven by improvements in both the client computing group and foundry services. However, the company faced a significant net income loss of $16.64 billion, ballooned by restructuring charges, inventory impairments, and market transition costs. Despite these challenges, Intel's management emphasized a commitment to operational efficiency and a strategic pivot to maximize its x86 architecture's potential, especially in light of evolving AI demands in the computing landscape. CEO Pat Gelsinger stated that the team is committed to "act with urgency to deliver on our priorities, focusing on a leaner, more profitable Intel."