Earnings Releases·Oct 29, 2026, 4:08 PM ET

Intel Corporation — Third Quarter 2026 Earnings Summary

Revenue reached $16.5 billion, up 21% year-over-year, driven by a 78% surge in Data Center and AI (DCAI) revenue and a 58% increase in Intel Foundry revenue, though Client Computing and Physical AI Group (CCPG) declined 5%.
Non-GAAP EPS rose 126% to $0.52 and non-GAAP net income increased 169% to $2.8 billion, while GAAP EPS fell 33% to $0.60 due to one-time items; gross and operating margins expanded significantly across both GAAP and non-GAAP metrics.
Management provided Q4 2026 guidance forecasting revenue between $15.0 billion and $16.0 billion, with non-GAAP EPS at $0.25, while noting that the PC slowdown is expected to persist through the first half of 2027.
Strategic capital activities included a completed $23 billion public equity offering, an acquisition of Classiq to enhance quantum capabilities, and the deconsolidation of Altera following a 51% stake sale, alongside a multiyear collaboration with Oracle for Xeon-based cloud infrastructure.