Take a careful look at earnings reports and not just headline “record revenues” that have a tendency to hide the nasty example: Intel in Q3

I own AMD for what it's worth, and Intel without its divided would be under $20 now, but this should be pretty much relevant to everywhere.

From Intel's latest earnings report, where everything imploded but headlines and news doesn't make it look particularly bad.

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CCG group:

Revenue down 17%

Operating Income down: 54%

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DCAI group:

Revenue down 27%

Opearing Income down 99%

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NEX group:Revenue up 14%

Operating Income down 85%

From Intel's ER deck

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What do you think of the discrepancy of income and revenue in this case?