In brief
Intel announced on Thursday that its third‑quarter revenue rose 21 percent YoY to $16.51 billion, while net income fell 18 percent to $3.32 billion. Data‑center and AI sales grew 78 percent, becoming the company's strongest growth segment in 15 years. CEO Lip‑Bu Tan said demand for Intel’s CPUs was robust despite short‑term headwinds, and the company projects Q4 revenue of $15–$16 billion with a lower gross margin.
U.S. chipmaker Intel announced on Thursday that its third‑quarter revenue rose 21 percent year‑on‑year to $16.51 billion, while net income fell 18 percent to $3.32 billion. The results, reported for the quarter ended September 26, came from Xinhua.
Revenue for the Data Center and AI segment jumped 78 percent to $7.3 billion, marking Intel’s strongest growth in that arena in 15 years. Meanwhile, revenue from the Client Computing and Physical AI Group slipped 5 percent to $8.1 billion, reflecting ongoing challenges in the personal‑computer market.
The company’s semiconductor manufacturing arm, Intel Foundry, reported $6.7 billion in revenue, a 58 percent increase YoY.
Financial Highlights
Gross margin rose to 43 percent from 38.2 percent a year earlier, while diluted earnings per share fell to $0.60 from $0.90. On a non‑GAAP basis, diluted EPS increased to $0.52 from $0.23.
Intel said the next quarter’s revenue would be between $15 billion and $16 billion, with a projected GAAP gross margin of 37.1 percent and diluted EPS of $0.10 (GAAP) and $0.25 (non‑GAAP).
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 to meet demand for Xeon server processors was an immediate priority.
"Demand for the company's central processing units remained robust, despite near‑term headwinds in the PC industry," said Intels CEO Lip‑Bu Tan.
