Intel Corporation: Beat — EPS $0.52, Revenue $16.51B
Earnings BeatQ3 2026 · After-market
Did Intel Corporation (INTC) beat earnings today?
Yes, Intel Corporation (INTC) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+30.00% surprise
$0.52Actual
Expected: $0.40
vs. year ago +126.0%
Total Revenue+0.02% surprise
$16.51BActual
Expected: $16.51B
vs. year ago +21.0%
Released Oct 29 · 4:01 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $16.51B | $13.65B | +21.0 |
| Revenue detail — reported lines | |||
| └─CCPG | $8.10B | $8.54B | -5.0 |
| └─DCAI | $7.32B | $4.12B | +78.0 |
| └─Total Intel Products | $15.41B | $12.65B | +22.0 |
| └─Intel Foundry | $6.70B | $4.24B | +58.0 |
| └─All Other | $692.00M | $993.00M | -30.0 |
| └─Intersegment Eliminations | $(6,291)M | $(4,227)M | - |
| Net Income | $3.32B | $4.06B | -18.0 |
| GAAP Basic EPS | $0.63 | $0.90 | - |
| GAAP Diluted EPS | $0.60 | $0.90 | -33.0 |
| Non-GAAP Diluted EPS | $0.52 | $0.23 | +126.0 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Full-Year Outlook 2026 |
|---|---|---|
| Revenue | $15.0B-$16.0B | — |
| GAAP Gross Margin | 37.1% | — |
| Non-GAAP Gross Margin | 38.0% | — |
| GAAP Diluted EPS | $0.10 | — |
| Non-GAAP Diluted EPS | $0.25 | — |
| GAAP Operating Expenses | $4.9B | $22.6B |
| Non-GAAP Operating Expenses | $4.4B | $16.3B |
Business Highlights
- ➤Completed a $23B public equity offering supporting growth while maintaining investment-grade rating.
- ➤Announced plans to acquire Classiq for a full-stack quantum computing platform.
- ➤Planned multiyear Oracle collaboration to expand Xeon-based OCI computing.
- ➤Shared Intel GPU D-series details and new Xeon-based rack designs at OCP Global Summit.
- ➤Demonstrated day-0 support for Meta’s Muse Spark Open on upcoming GPU D-series and Xeon platforms.
- ➤Showcased Diamond Rapids, GPU D-series and Core Series 3 architectures at Hot Chips 2026.
- ➤Announced first Googlebook devices using Core Ultra Series 3 with Acer, ASUS and Lenovo.
- ➤Collaborated with AMD on x86 CPU optimizations for PyTorch in oneDNN.
- ➤Released the Intel 14A 0.9 PDK in October.
- ➤Completed the RAMP-C program, supporting Secure Enclave prototypes and customer engagement.
- ➤Collaborated with ASML to accelerate readiness for High-NA EUV manufacturing.
- ➤Appointed Dean Jarnac executive vice president and chief sales officer.
Management Commentary
Lip-Bu Tan, Intel CEO
“Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology. Despite near-term headwinds across the PC industry, demand for our CPUs remains robust, reinforcing our confidence in the long-term growth opportunities for our business. Our immediate priority is to unlock additional supply to meet extraordinary demand for our Xeon family, while strengthening our product portfolio and roadmap. We are moving with urgency and focus to capitalize on these opportunities to deliver sustainable growth and long-term shareholder value.”
David Zinsner, Intel CFO
“We delivered another solid quarter. Revenue, gross margin and earnings per share exceeded guidance, including our strongest data center revenue growth in 15 years. Looking ahead, we see the PC slowdown continuing at least through the first half of next year, but we remain optimistic about the opportunities across our broader portfolio, and we will continue making disciplined investments in capacity and working capital to increase supply and support future growth.”