In brief
In the quarter ended September 26, Intel’s revenue rose 21 percent to $16.51 bn, driven by a 78 percent jump in its Data Center and AI segment, while net income fell 18 percent to $3.32 bn. Gross margin climbed to 43 percent and CEO Lip‑Bu Tan said CPU demand remained robust. Intel forecast Q4 revenue of $15‑$16 bn and a lower gross margin of about 37 percent.
In its third‑quarter 2026 results, Intel announced revenue of $16.51 billion, up 21 percent year‑over‑year, but net income fell 18 percent to $3.32 billion, according to a Xinhua report. The company’s gross margin increased to 43 percent from 38.2 percent in the same period last year.
Revenue from Intel’s Data Center and AI segment surged 78 percent year‑over‑year to $7.3 billion, marking its strongest data‑center growth in 15 years, while revenue from its Client Computing and Physical AI Group fell 5 percent to $8.1 billion, reflecting ongoing challenges in the personal‑computer market. Intel Foundry generated $6.7 billion in revenue, up 58 percent year‑over‑year.
CEO Lip‑Bu Tan said demand for the company’s central processing units remained robust despite near‑term headwinds in the PC industry, adding that increasing supply for Xeon server processors was an immediate priority, according to Xinhua. Padding the outlook, Intel expects fourth‑quarter revenue between $15 billion and $16 billion, a GAAP diluted earnings per share of $0.10 and a non‑GAAP diluted EPS of $0.25, with a GAAP gross margin projected at 37.1 percent for the quarter.
The company’s earnings per share dropped to $0.60 per share from $0.90 in the same quarter last year. On a non‑GAAP basis, diluted earnings per share rose to $0.52 from $0.23. The third‑quarter financials were also announced in Intel’s own press release, which reported revenue of approximately $16.5 billion and a diluted earnings per share of $0.60.