This comment made me want to investigate Intel's financials and see whether this qualitative story matches their quantitative data, but it seems to be the opposite:

Revenue grew last quarter almost 20% YoY to ~$20B

Net income has been up 40%-80% each quarter YoY, to ~$5B

While I do believe what was said above, it seems that whatever choices they are making that supposedly are resulting in a failing company from an engineering perspective, are resulting in a successful company from a financial perspective.