Intel shares rose over 8% in premarket trading today after the company announced third-quarter earnings that beat Wall Street estimates.
Intel’s success marks the fourth consecutive quarter of improved performance, which the company credits to the strong fundamentals of its core markets.
In Q3, Intel reported revenue of $13.7 billion, compared to the $13.15 billion expected.
In a statement, Lip-Bu Tan, Intel’s CEO, told investors: “Our Q3 results reflect improved execution and steady progress against our strategic priorities. AI is accelerating demand for compute and creating attractive opportunities across our portfolio, including our core x86 platforms, new efforts in purpose-built ASICs and accelerators, and foundry services. Intel’s industry-leading CPUs and ecosystem, along with our unique U.S.-based leading-edge logic manufacturing and R&D, position us well to capitalize on these trends over time.”
David Zinsner, Intel’s CFO, commented: “We took meaningful steps this quarter to strengthen our balance sheet, including accelerated funding from the U.S. Government and investments by NVIDIA and SoftBank Group that increase our operational flexibility and demonstrate the critical role we play in the ecosystem.”
Moving forward, Intel stated that its fourth-quarter guidance falls short of analyst estimates because it does not account for revenue from Altera, a semiconductor company owned by Intel that it partially divested in the third quarter.
“Current demand is outpacing supply, a trend we expect will persist into 2026,” Zinsner concluded.
By CEO NA Editorial Staff
