Intel, Q3 Earnings and Amid Challenges
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Intel stock popped after the chipmaker reported a Q3 earnings beat this past week. But analysts say its struggling foundry business is still a major risk to share price.
Intel beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.
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Intel is set to report its third quarter financial results after the bell on Thursday as Wall Street looks for signals on the future of its struggling manufacturing business. Anal
Intel reported its strongest quarterly profits in three years Thursday and said the market for its semiconductors is growing, boosting investors’ enthusiasm for the beleaguered chipmaker. “Current demand is outpacing supply, a trend we expect will persist into 2026,” said Chief Financial Officer David Zinsner.
Intel (Nasdaq: INTC) reported third-quarter revenue of $13.70 billion, slightly above consensus estimates of $13.40 billion and up 3 percent year over year. Non-GAAP EPS of $0.23 far exceeded expectations of $0.
The company is facing a tight capacity for its older chip nodes, Intel 10 and 7, amid ongoing AI compute demand and businesses migrating to Windows 11.
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Intel optimistic after ‘stronger than expected’ fiscal quarter
Intel’s most recent financial report exceeded Wall Street projections, an optimistic update for the chipmaker bringing a $28 billion semiconductor
Intel faces chip shortages as we slide into 2026, with 'stronger-than-expected' demand outpacing its ability to manufacture chips fast enough.
Today’s results broke a streak of sixth successive quarterly losses for Intel, and investors were clearly delighted with the company’s efforts. In the late-trade session, the company’s stock rose more than 7%, adding to a 4% gain earlier in the day.