Companies /Technology

Intel Corp

NASDAQ: INTC Semiconductors
$91.67
▲ $1.62 (+1.80%) today
Markets closed · 9:14am ET

Q3 2025 Earnings

Reported Oct 23, 2025, 4:10pm ET · SEC source
$0.23
Beat +3,050.68%
EPS · est. $0.01
$13.7B
Beat +3.92%
Revenue · est. $13.1B
−6.1%
Trailing market
INTC vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0+3%Oct 23Oct 24report 4:10pm ETearnings+0.8%−5.4%
−6%−3%0+3%Oct 23Oct 24earnings+0.8%−5.4%
INTC −5.4%S&P 500 +0.8%
−6%−3%0+3%Oct 23Oct 24report 4:10pm ETearnings+1.1%−5.4%
−6%−3%0+3%Oct 23Oct 24earnings+1.1%−5.4%
INTC −5.4%NASDAQ +1.1%
−12%−8%−4%0Oct 22Oct 31report 4:10pm ETearnings+1.5%−2.8%
−12%−8%−4%0Oct 22Oct 31earnings+1.5%−2.8%
INTC −2.8%S&P 500 +1.5%
−10%−5%0+5%Oct 22Oct 31report 4:10pm ETearnings+2.9%−2.8%
−10%−5%0+5%Oct 22Oct 31earnings+2.9%−2.8%
INTC −2.8%NASDAQ +2.9%
+0.31%
Day of report
+3.29%
Next session
+4.47%
One week
−6.40%
30 days

S&P 500 over the same 30 days: −0.33%.

Did INTC Beat Earnings? Q3 2025 Results

Intel delivered a striking turnaround story in Q3 2025, posting non-GAAP EPS of $0.23 against a consensus estimate of just $0.0073 — a beat of more than 3,050% — while revenue climbed 2.8% year-over-year to $13.65 billion, ahead of the $13.14 billion Wall Street had anticipated. The headline numbers were driven largely by strength in the Client Computing Group, which grew 5% to $8.54 billion, while a $5.70 billion CHIPS Act disbursement and a landmark $5.00 billion equity investment from NVIDIA underscored the strategic momentum building under CEO Lip-Bu Tan. GAAP results were further lifted by a $5.45 billion gain from the partial Altera divestiture, pushing net income to $4.06 billion. <a href="https://247wallst.com/investing/2025/10/23/intel-shares-surge-8-after-q3-earnings-everything-you-need-to-know/">shares surged on the results</a>, reflecting investor optimism about the company's direction. Looking ahead, Intel guided Q4 revenue to a range of $12.80 billion to $13.80 billion, with CFO David Zinsner cautioning that demand is currently exceeding supply — a dynamic expected to persist well into 2026.

Key Takeaways
  • Fourth consecutive quarter of improved execution
  • CCG revenue up 5% YoY driven by client computing demand
  • GAAP gross margin improved to 38.2% from 15.0% YoY
  • Non-GAAP gross margin improved to 40.0% from 18.0% YoY
  • Current demand outpacing supply
  • Significant reduction in R&D and MG&A expenses (down 20% YoY on GAAP basis)

“Our Q3 results reflect improved execution and steady progress against our strategic priorities. AI is accelerating demand for compute and creating attractive opportunities across our portfolio, including our core x86 platforms, new efforts in purpose-built ASICs and accelerators, and foundry services. Intel's industry-leading CPUs and ecosystem, along with our unique U.S.-based leading-edge logic manufacturing and R&D, position us well to capitalize on these trends over time.”

Intel CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, Intel forecasts revenue of $12.8 billion to $13.8 billion (excluding Altera following its deconsolidation). GAAP gross margin is expected at 34.5% and non-GAAP gross margin at 36.5%. GAAP EPS is expected at $(0.14) and non-GAAP EPS at $0.08. The GAAP tax rate is projected at 476% and non-GAAP tax rate at 12%. CFO David Zinsner noted that current demand is outpacing supply, a trend expected to persist into 2026. For full-year 2026, Intel projects GAAP operating expenses of approximately $19.0 billion and non-GAAP operating expenses of approximately $16.0 billion.

INTC YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$4.0B$8.0B$12.0B$13.3B$13.7BRevenue$2.0B$5.2BGross Profit$329.1M$683.0MOperating Income$1.8B$4.1BNet Income
$0$4.0B$8.0B$12.0BRevenueGross ProfitOperating IncomeNet Income

INTC Revenue by Segment

Client Computing Group (CCG)$8.5B+5.0%
Data Center and AI (DCAI)$4.1B−1.0%
Intel Foundry$4.2B−2.0%
All Other$993.0M+3.0%

Figures from SEC filings and company reports. Not investment advice.