Intel (INTC) Q3 2026 Earnings
How Did INTC Stock React to Q3 2026 Earnings?
Did INTC Beat Earnings? Q3 2026 Results
Yes. Intel reported Q3 2026 earnings of $0.52 a share on Oct 29, 2026, beating the $0.40 consensus estimate by 31.5%. Revenue was $16.5B against a $16.5B estimate.
Intel delivered a strong third-quarter beat for fiscal 2026, extending its EPS consensus beat streak to four consecutive quarters as adjusted earnings of $0.52 per share cleared the $0.40 consensus estimate by 31.55%. Revenue climbed 20.9% year over year to $16.51 billion, edging past the $16.47 billion consensus, with the primary engine being an extraordinary surge in data center demand; the Data Center and AI segment posted revenue of $7.32 billion, up 78% from a year earlier, with operating income jumping to $3.04 billion from $964 million. That strength more than offset a 5% decline in client computing revenue to $8.10 billion, where CEO Lip-Bu Tan acknowledged near-term PC industry headwinds while emphasizing robust underlying CPU demand. CFO David Zinsner noted the company's strongest data center revenue growth in 15 years, a trajectory consistent with broader semiconductor sector tailwinds seen across the industry. Looking ahead, Intel guided fourth-quarter revenue of $15.00 to $16.00 billion with non-GAAP EPS of $0.25, as management flagged a PC slowdown expected to persist through at least the first half of 2027.
- DCAI revenue up 78% YoY to $7.3B, the strongest data center revenue growth in 15 years
- Intel Foundry revenue up 58% YoY to $6.7B
- GAAP gross margin expanded to 43.0% from 38.2%; non-GAAP gross margin 44.1%
- Non-GAAP operating margin rose to 19.6% from 11.2%
- CCPG revenue down 5% amid PC industry headwinds
- GAAP results include a $1,005M mark-to-market gain on Escrowed Shares and $330M of equity investment gains
- Operating cash flow of $5.1B; adjusted free cash flow of $1,639M
“Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology.”
Intel CEO, on the earnings call
What Is Intel's Outlook?
For Q4 2026, Intel expects revenue of $15.0–$16.0 billion. It guided GAAP gross margin of 37.1% and non-GAAP gross margin of 38.0%. Tax rates are expected at 31% GAAP and 11% non-GAAP. EPS guidance is $0.10 GAAP and $0.25 non-GAAP. Q4 operating expenses are expected at approximately $4.9 billion GAAP and $4.4 billion non-GAAP. Full-year 2026 operating expenses are expected at approximately $22.6 billion GAAP and $16.3 billion non-GAAP. Management expects the PC slowdown to continue at least through the first half of next year. It remains optimistic about its broader portfolio and plans continued disciplined investment in capacity and working capital to increase supply.
INTC YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $16.5B | $13.7B | +21.0% |
| Gross Profit | $7.1B | $5.2B | +36.0% |
| Operating Income | $2.5B | $683.0M | +269.3% |
| Net Income | $3.3B | $4.1B | −18.3% |
INTC Revenue by Segment
When Does Intel Report Next?
Figures from SEC filings and company reports. Not investment advice.