Driving Our Transformation

Data Center and Al Group (DCAI) Revenue down 10% Operating Income down 38% $4.4B $4.0B Operating Margin 3% $0.1B Operating Margin 2% $0.1B Q4'22 Q4'23 Q4'22 Q4'23 Revenue • CPU TAM contraction, ongoing competitive pressure and PSG inventory correction Operating Income • Ramp of higher cost next gen products & lower revenue offset by reduced spending and sell through of reserved inventory intel XEON Intel Xeon Scalable Processor 5th Gen intel. 7

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