Intel announced their earnings for the second quarter of their 2019 fiscal year. Overall, revenue dropped 3% year-over-year to $16.5 billion, with gross margins still below the 60% that Intel likes to maintain, but at 59.8%, the are improved significantly over last quarter’s 56.6%. Operating income for the quarter was down 12% to $4.6 billion, and net income down 17% to $4.2 billion. This resulted in earnings-per-share of $0.92, down 12% from a year ago.