Intel reports strong third-quarter results but guides below expectations for Q4
+4 new sources since this summary was written
On October 29, 2026, Intel reported third-quarter revenue of $16.5 billion, up 21% year over year, with GAAP EPS of $0.60 and non-GAAP EPS of $0.52. Intel guided fourth-quarter revenue to $15.0 billion to $16.0 billion, with GAAP EPS of $0.10 and non-GAAP EPS of $0.25. The company attributed the cautious outlook to continuing PC-market weakness while highlighting demand for Xeon processors, and said it completed a $23 billion public equity offering.
Why it matters
The lower fourth-quarter outlook could pressure Intel's near-term earnings expectations and increase dilution from the equity offering. Intel's management said PC weakness may continue through at least the first half of next year but expressed confidence in longer-term CPU demand.
Key facts
- 1Intel generated $5.1 billion in cash from operations during the third quarter. intc.com
- 2Intel's fourth-quarter 2026 revenue outlook is $15.0 billion to $16.0 billion, with GAAP EPS of $0.10 and non-GAAP EPS of $0.25. intc.com
- 3Intel completed a $23 billion public equity offering to support future growth opportunities. intc.com
- 4Intel announced plans to acquire Classiq and combine its quantum software platform with Intel's spin-qubit manufacturing and software expertise. intc.com
- 5Intel's Data Center and AI revenue was $7.3 billion in the third quarter, according to the company's business-unit summary. stocktitan.net
Open questions
- attribute part of the fourth-quarter impact to an Israel factory explosion, but they report inconsistent figures ranging from $300M to $600M; the company's detailed release does not quantify this impact.
- describes an earlier or conflicting earnings setup with different third-quarter guidance figures and is excluded as an outlier.
Summary written by AlphAI AI Desk from 19 of 26 sources. Not investment advice. Figures are as stated by the linked sources.