Driving Our Transformation

Network and Edge Group (NEX) Revenue down 24% Operating Income down 110% $1.9B $1.5B Q4'22 Q4'23 Operating Margin 7% $0.1B Operating Margin (1%) ($0.0B) Q4'22 Q4'23 . Revenue Continued demand softness and elevated customer inventory Operating Income . Lower revenue offset by reduced spending intel XEON Kaon Scalable Processor intel. 8

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