The following is a summary of the Intel Corporation (INTC) Q4 2023 Earnings Call Transcript:

Financial Performance:

Intel reported Q4 revenue of $15.4 billion, up 9% sequentially and 10% year-over-year, with a gross margin of 48.8%.
Earnings per Share (EPS) was $.54 for the quarter, reflecting successful cost and operational management.
Intel’s operating cash flow for Q4 was $4.6 billion, demonstrating good liquidity.
CCG generated revenue of $8.8 billion, a year-on-year increase of 33%.
DCAI revenue stood at $4 billion, with Mobileye contributing a record revenue of $637 million.

Business Progress:

Progress on IDM 2.0 strategy saw Intel taking significant steps towards their 2023 financial commitments amid macroeconomic headwinds.
The Client Computing Group saw a boom in gaming and commercial segments and achieved record notebook shipments.
Server business under DCAI experienced double-digit growth sequentially.
Mobileye design wins are anticipated to bring in over $7 billion of future revenue.
Intel plans to accelerate the creation of a separate entity for manufacturing, technology development, and IFS by the second half of 2024.
The firm exited five businesses in 2023, refocusing their portfolio and identifying profitable adjacent markets such as Intel Auto.
Despite the challenge of delivering five nodes in four years and capacity expansion, Intel plans to grow earnings faster than revenue in 2024 and keep adjusted free cash flow approximately breakeven.