英特尔于北京时间2025年10月24日上午的美股盘后发布了2025年第三季度财报（截止2025年9月），要点如下： b）数据中心及AI：本季度收入41.2亿美元，同比减少0.6%。公司当前业务仍主要围绕于数据中心CPU，本季度表现依然平淡。在本季度公司与英伟达在 数据中心领域建立了合作，将x86 CPU集成Nvlink接口，公司也期望能获得进入AI主战场的机会。 c）英特尔代工业务：本季度收入42.4亿美元，同比下滑2.4%。本季度代工收入仍主要来自于intel7和Intel10，基本上都是对内的英特尔自有产品。 当前18A工艺已经开始量产，优先使用在公司自有的Panther Lake产品，这是个不错的信号。虽然18A工艺在晶体管密度等方面仍落后于台积电，但新制 程的量产还是能给市场传达出追赶台积电的信心。 作为美国本土的半导体制造公司，如果英特尔的制程能力能向台积电靠拢，未来还是有机会获得更多的订单，代工业务将成为公司的接下来最主要的突破 口。 4、下季度指引：英特尔预期公司2025年第四季度营收为128-138亿美元，市场预期（134亿美元）；2025年第四季度毛利率为34.5%，略低于市场预期 （35. ...

Core Insights - Intel reported Q3 2025 revenue of $13.7 billion, a 3% increase year-over-year, with earnings per share (EPS) of $0.90 and non-GAAP EPS of $0.23 [1] Financial Performance - Revenue: $13.7 billion in Q3 2025, up 3% from $13.3 billion in Q3 2024 [1] - Gross Margin: 38.2%, an increase of 23.2 percentage points compared to 15.0% in Q3 2024 [1] - R&D and Marketing Expenses: $4.4 billion to $5.4 billion, a decrease of 20% from $3.9 billion to $4.8 billion in Q3 2024 [1] - Operating Profit Margin: 5.0%, up 73.2 percentage points from (68.2)% in Q3 2024 [1] - Net Income: $4.1 billion, a 124% increase from a net loss of $16.6 billion in Q3 2024 [1] - Diluted EPS: $0.90, up 123% from a loss of $3.88 in Q3 2024 [1] Future Outlook - Intel expects Q4 2025 revenue to be between $12.8 billion and $13.8 billion, with an anticipated EPS loss of ($0.14) and non-GAAP EPS of $0.08 [1]

Core Insights - Intel reported a significant rebound in its financial performance for Q3 2025, with revenue and profit exceeding market expectations, indicating initial success in its transformation strategy [1][2]. Financial Performance - Revenue for Q3 2025 reached $13.7 billion, a year-over-year increase of approximately 3%, surpassing analyst expectations of $13.2 billion [2][3]. - The company achieved a net profit of $4.1 billion, a turnaround from a net loss of $16.6 billion in the same quarter last year, marking a 124% improvement [2][3]. - Gross margin improved significantly from about 15% in Q3 2024 to 38.2% in Q3 2025 [2][3]. - Diluted earnings per share were $0.90, compared to a loss of $3.88 per share in the previous year [2][3]. Business Segments - The Client Computing Group (CCG) generated $8.5 billion in revenue, up 5% year-over-year, reflecting a recovery in the consumer electronics and enterprise PC markets [5]. - The Data Center and AI (DCAI) segment reported $4.1 billion in revenue, a slight decline of 1% compared to the previous year [5]. - Total revenue from Intel's core product business, which includes CCG and DCAI, was $12.7 billion, also up 3% year-over-year [4][5]. Strategic Developments - Intel's improved profitability is attributed to effective cost control, enhanced manufacturing efficiency, and a recovering PC market [4]. - The company is making strides in its strategic transformation, with the Chandler, Arizona Fab52 facility now operational, set to produce 18A process chips [6]. - Intel received approximately $89 billion in investments from the U.S. government to bolster its technology and manufacturing capabilities, including $5.7 billion in the current quarter [6]. Collaborations and Future Outlook - Intel announced a strategic partnership with NVIDIA to co-develop custom data center and PC products, with NVIDIA investing $5 billion in Intel [7]. - For Q4 2025, Intel expects revenue between $12.8 billion and $13.8 billion, with a projected Non-GAAP earnings per share of approximately $0.08 [8]. - Analysts express cautious optimism regarding Intel's performance, noting the need for continued focus on the data center and foundry business segments [8][9].

IT之家 10 月 24 日消息，科技媒体 Wccftech 今天（10 月 24 日）发布博文，报道称在 2025 年第 3 季度财报会议上，英特尔首席执行官陈立武（Lip-Bu Tan）详细阐述了公司在客户端、服务器及晶圆代工业务的未来战略蓝图。 更引人注目的是，下一代 Coral Rapids 处理器被确认将重新引入同步多线程（SMT，即超线程）技术，此举旨在显著提升处理器的多任务处理性能，目前该 产品正处于定义阶段（definition stage）。 工艺技术方面 IT之家援引博文介绍，会议的核心信息围绕新工艺节点的应用和下一代 CPU 产品的具体规划，明确了公司未来的技术方向与市场策略。陈立武确认，其先 进的 18A 工艺节点将支撑未来至少三代客户端与服务器产品，并已进入大规模量产阶段。 客户端处理器 客户端处理器方面，英特尔确认首款基于 18A 工艺的 Panther Lake 处理器（隶属酷睿 Ultra 3 系列）将于 2025 年底前推出首个高端型号，并计划在 CES 2026 上全面揭晓，其余型号则在 2026 年上半年陆续上市。 紧随其后的是代号为 Nova Lake 的下一代产品，计 ...

【#中国资产昨夜上涨##英特尔盘后大涨超7%#】美东时间10月23日（周四），美股三大指数集体收 涨，纳指涨0.89%，标普500指数涨0.58%，道指涨0.31%。美国大型科技股普遍上涨，万得美国科技七 巨头指数上涨0.70%。个股方面，特斯拉涨超2%，亚马逊、英伟达涨超1%，谷歌涨0.55%，苹果涨 0.44%，脸书涨0.08%，微软持平。英特尔股价收涨逾3%，总市值回升至1670亿美元，公司盘后股价继 续上攻，截至北京时间10月24日6:27，大涨逾7%。英特尔三季报显示，其在2025年第三季度实现营收 136.5亿美元，同比增长2.8%，预计第四季度营收在128亿美元至138亿美元之间。中概股多数上涨，纳 斯达克中国金龙指数涨1.66%，万得中概科技龙头指数涨2.65%。#英特尔第三季度调整后每股收益0.23 美元# 来源：@中新经纬微博 ...

Group 1 - Intel has received a total of over $10 billion in strategic financing from the U.S. government, Nvidia, and SoftBank, marking a turnaround for the company after previous losses [1][2] - In Q3, Intel reported revenue of $13.7 billion, a 3% year-over-year increase, and a net profit of $4.1 billion, compared to a loss of $17 billion in the same period last year, ending a six-quarter decline [1] - The CFO of Intel indicated strong chip demand leading to supply constraints, with expectations for this trend to continue until 2026, driven by upgrades in data centers and operators' CPU needs [1] Group 2 - Intel is undergoing significant organizational changes, including a plan to reduce its workforce by approximately 15%, bringing the total number of employees down to around 75,000 by year-end [2] - In addition to the financing from SoftBank and the U.S. government, Intel has secured $5.7 billion in government investments in Q3, which will support the expansion of U.S. technology and manufacturing [2] - Intel is collaborating with Nvidia to develop custom data center and PC products, with Nvidia agreeing to invest $5 billion in Intel's common stock, expected to be completed by the end of Q4 [2] Group 3 - Intel's foundry business is progressing as planned, with the 18A process node, its first 2-nanometer technology, on track for release [3] - The future success of Intel is seen as dependent on securing real orders in Q4 and realizing growth potential in AI and foundry services over the next 1-2 years [3] - Despite significant investments in chip foundries, Intel has struggled to attract major external clients, making the revitalization of its foundry business crucial for its resurgence [3]

Core Insights - Intel is facing supply constraints for its mature process nodes, specifically Intel 10 and Intel 7, despite exceeding wafer delivery expectations in Q3 2025 [1] - The company does not plan to increase production capacity for these nodes and will focus on utilizing inventory while guiding customers towards alternative products, with supply expected to be tighter in Q1 2026 [1] - The adoption rate of AI PCs in the commercial sector is increasing, and Intel maintains its expectation to ship approximately 100 million AI PC devices by the end of this year [1] Group 1 - Intel's foundry division delivered more wafers than expected in Q3, but this was still insufficient to meet demand from data center and client customers [1] - The company is not planning to increase production capacity for Intel 10 and Intel 7 nodes, opting instead to manage inventory and direct customers to other products [1] - Supply for Q1 2026 is anticipated to be even tighter than current levels [1] Group 2 - For Intel 18A and Panther Lake, current process yields are sufficient to meet capacity needs but do not achieve acceptable profit margins [3] - Intel expects that by the end of 2026, Intel 18A will meet internal profit margin targets, with industry-acceptable yields projected for 2027 [3] - Intel has strengthened collaboration with customers on the cutting-edge Intel 14A process in Q3, enhancing confidence and successfully attracting key talent in process technology [3]

Core Insights - Intel's Q3 2025 financial results exceeded expectations in revenue, gross margin, and earnings per share, leading to an over 8% increase in stock price post-announcement [1] - The growth is attributed to sustained performance in core markets, marking the fourth consecutive quarter of improved execution and operational efficiency [1] - The company has strengthened its balance sheet through significant funding from the U.S. government, NVIDIA, and SoftBank, along with partial divestitures of Altera and Mobileye [1] AI Strategy - Artificial intelligence is becoming a focal point in Intel's strategic layout, with AI technology accelerating demand for computing and creating new opportunities across its product portfolio, including core x86 platforms, dedicated ASICs, accelerators, and foundry services [1] - Intel emphasizes its collaboration with NVIDIA as a model for revitalizing the x86 ecosystem in the AI era, with both companies working on next-generation x86 products tailored for AI [1] Foundry Business Progress - Intel is making steady progress in its foundry business, with the advanced process node 18A on track and the next-generation client processor Panther Lake expected to launch within the year [2] - The Arizona Fab 52 wafer fabrication plant is now fully operational, and initial feedback from external clients on the 14A process is encouraging, indicating long-term growth opportunities driven by AI-related capacity demands [2] - Intel's management expresses confidence in the company's transformation efforts aimed at creating long-term shareholder value, aligning with its proactive strategies in AI and foundry sectors [2]

Core Viewpoint - Intel has successfully returned to profitability and exceeded revenue expectations for Q3, driven by strong demand for AI-related products and a significant investment partnership with Nvidia, indicating a potential long-term recovery trajectory for the company [1][2][3]. Financial Performance - Intel reported Q3 revenue of $13.7 billion, a 3% year-over-year increase, marking its first positive growth in 18 months [5][4]. - The adjusted earnings per share for Q3 were $0.23, significantly surpassing Wall Street's expectations of $0.01 [5]. - The company’s operating margin improved to 11%, compared to a negative 17.8% in the same quarter last year [5]. Market Demand and Product Development - There is a strong demand for Intel's chips, particularly in data centers and AI-driven applications, with expectations that this demand will continue until 2026 [3][4]. - Intel's new Core Ultra processors integrate AI-specific neural processing units (NPU) and GPUs, marking a significant advancement in their product offerings [9][12]. - The recovery in PC demand and the AI-driven upgrade cycle are key factors contributing to Intel's revenue growth [3][8]. Strategic Partnerships and Investments - Intel has secured approximately $15 billion in new funding through partnerships with the U.S. government and major tech companies, including Nvidia and SoftBank [5][2]. - The collaboration with Nvidia, involving a $5 billion investment, aims to create a powerful combination of x86 CPUs and Nvidia GPUs, enhancing Intel's position in the AI market [1][11]. Future Outlook - Intel plans to invest around $18 billion in new factories and equipment this year, although this is significantly lower than competitors like TSMC [7]. - The company is focused on regaining market share in both the PC and data center segments, with a particular emphasis on the AI infrastructure market [6][10]. - Analysts predict that the partnership with Nvidia could reshape the AI PC market, allowing Intel to reclaim its competitive edge [12].

智通财经APP获悉，在成功实现扭亏为盈并且给出极其乐观的业绩展望数据之后，美国老牌芯片巨头英 特尔公司(INTC.US)股价在美股盘后迅速飙升，涨幅一度超过9%，足以显示其在一场漫长且颇具挑战性 的东山再起复苏努力中取得积极进展。英特尔管理层表示，市场对于该公司芯片的供不应求将持续到明 年，主要源于史无前例AI热潮之下的数据中心高性能服务器CPU需求激增以及搭载英特尔PC芯片的 AIPC需求强劲。 对于投资者们而言，英特尔营收在一年半以来首次实现同比正增长以及两年多来首次实现盈利，这种基 本面大转折点无疑刺激看涨情绪升温。但是更重要的是，英伟达向英特尔投资50亿美元"世纪联手"带来 的"x86 CPU+英伟达GPU"组合以及在"芯片制造回流美国"背景下，特朗普政府可能予以英特尔更大规 模支持，可能催化英特尔股价走出华尔街所期待的"长期牛市轨迹"，自2024年以来英特尔股价在多数时 间段呈现萎靡态势，更是大幅跑输长期以来的竞争对手英伟达和AMD。 英特尔美东时间周四美股收盘后公布最新业绩报告，该公司的一份声明显示，第四季度营收区间的中值 将约为133亿美元(管理层给出的Q4营收区间为128亿美元至138亿美元) ...