INTC stock: Intel Q3 revenue rises 21% to $16.5 billion
INTC stock: Intel reported third-quarter revenue of $16.5 billion and earnings of $0.52 a share, and gave a cautious forecast for the fourth quarter.
事件: 2026年10月29日
原始来源: 2026年10月29日
本站发布时间: 2026年10月29日 20:08 UTC
阅读: 3 分钟
发生了什么
On 29 October, after the US market closed, Intel reported third-quarter results. Revenue was $16.5 billion, up 21% on last year. Earnings per share excluding one-off items (non-GAAP) were $0.52. Analysts had expected about $0.40 on the same revenue, per the Bloomberg consensus cited by Yahoo Finance.
为什么和你有关
Intel makes processors for PCs and for data centers. Its data center revenue rose 78%, while its client unit, which covers PCs, fell 5%. Intel's chief financial officer says the PC slowdown will last at least through the first half of next year.
要核实和关注什么
Watch how the stock trades on Friday, and whether Intel can add enough supply to make more chips. The fourth-quarter revenue forecast is $15.0 billion to $16.0 billion, below this quarter. This is not investment advice.
What happened. Intel published its third-quarter 2026 results on 29 October at 4:01 p.m. New York time, one minute after the market closed. Revenue was $16.5 billion, up 21% on last year. Non-GAAP earnings per share were $0.52, against $0.23 a year ago. On a GAAP basis they were $0.60, against $0.90. Cash from operations in the quarter was $5.1 billion.
Against expectations. The day before, Yahoo Finance cited the Bloomberg consensus: earnings per share of $0.40 on revenue of $16.5 billion. Revenue matched, and earnings came in higher. Chief financial officer David Zinsner said revenue, gross margin and earnings per share all beat Intel's own guidance.
Who delivered what. The Data Center and AI unit brought in $7.3 billion, up 78%. Analysts expected about $6.6 billion. Intel Foundry, the contract chip manufacturing arm, brought in $6.7 billion, up 58%, against an expected $6.1 billion. The client unit, which covers PCs, brought in $8.1 billion, down 5%. For PC chips, analysts had expected about $8.8 billion. Non-GAAP gross margin was 44.1%, up 4.1 percentage points on last year.
The outlook. For the fourth quarter Intel expects revenue of $15.0 billion to $16.0 billion and non-GAAP earnings per share of $0.25. Non-GAAP gross margin is guided at 38.0%. Zinsner said he expects the PC slowdown to continue at least through the first half of next year. Chief executive Lip-Bu Tan said his top priority is to unlock more supply of Xeon server processors, calling demand extraordinary.
Before the report. According to Yahoo Finance, Intel shares had fallen more than 20% over the past month, and were down 4% in premarket trading on Thursday. We do not report the market's reaction to the results themselves, because we have no confirmed data at the time of writing. Intel also said it completed a $23 billion public stock offering.
Our take. It was a strong quarter for servers and manufacturing and a weak one for PCs, and the fourth-quarter forecast is below the third-quarter result. This is a report on one company's results. It is not advice to buy or sell any stock.
已确认的事实
- Intel's third-quarter 2026 revenue was $16.5 billion, up 21% year over year.[1]
- Non-GAAP earnings per share were $0.52 against $0.23 a year ago. GAAP earnings per share were $0.60 against $0.90.[1]
- The Bloomberg consensus was earnings per share of $0.40 on revenue of $16.5 billion.[2]
- The results were released on 29 October 2026 at 4:01 p.m. New York time.[1]
- Zinsner said revenue, gross margin and earnings per share exceeded Intel's guidance.[1]
- Data Center and AI revenue was $7.3 billion (up 78%), Intel Foundry $6.7 billion (up 58%), and the client unit $8.1 billion (down 5%).[1]
- Analysts expected about $6.6 billion from data center, $6.1 billion from Foundry and $8.8 billion from PC chip sales.[2]
- Non-GAAP gross margin was 44.1%, up 4.1 percentage points year over year.[1]
- Cash from operations in the quarter was $5.1 billion.[1]
- Fourth-quarter guidance: revenue of $15.0 billion to $16.0 billion, non-GAAP earnings per share of $0.25 (GAAP $0.10), and non-GAAP gross margin of 38.0%.[1]
- Zinsner expects the PC slowdown to continue at least through the first half of next year.[1]
- Tan named unlocking more Xeon supply as the immediate priority, citing extraordinary demand.[1]
- Intel completed a $23 billion public equity offering.[1]
- Intel shares fell more than 20% over the past month and were down 4% in premarket trading on Thursday.[2]
影响
- 已确认Demand for data center processors is growing faster than demand for PC processors.
- 已确认By Intel's own forecast, fourth-quarter revenue will be lower than third-quarter revenue.
- 我们的解读If supply falls short, growth in server chip revenue will be limited by how many chips Intel can make.
仍未知
- How the market will react to the results when trading opens on Friday.
- How fast Intel can raise Xeon supply.
- How long the PC slowdown will last.
- Whether Intel Foundry will land new large outside customers.
影响到谁
United States, Worldwide. Readers who follow the chip market and tech company earnings
来源
封面：Freekonomist 图示，象征性图片，不是事件现场照片。 这是新闻解读，不构成投资建议。
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