三季度英特尔营收一年半来首次同比正增长，2023年末以来首次净利润实现盈利，毛利率创一年半新高。CFO称，公司芯片目前供不应求，形势将持续 到明年，部分源于数据中心运营商的升级CPU需求。英特尔剔除Altera业务的四季度营收指引中值略低于分析师预期，其实表现更好，因为一些分析师 的预测纳入Altera收入。英特尔称，三季度已获美政府57亿美元投资；英伟达50亿美元投资料年内完成。英特尔股价盘后一度涨9%。 在走马上任后公布的第三份季度财报中，英特尔CEO陈立武证明，他降低成本同时吸取外部投资做法奏效，公司正在乘着AI芯片需求的东风走上摆脱困 境的正轨。 今年第三季度，英特尔的营收一年半以来首次实现同比正增长，在连续两个季度零增长后重拾增势。当季的每股收益（EPS）扭亏为盈，强于华尔街略 为盈利的预期，也强于三个月前英特尔提供的自身指引：盈亏平衡。而且一年多来首次在净利润方面实现盈利。 评论认为，英特尔提供的剔除Altera业务后四季度营收指引显得乐观，这带来了公司东山再起的希望。还有评论认为，随着明年美国中期选举备战到 来，特朗普政府可能给予英特尔更大支持，这是相对长期的利好。 财报公布后，周四收涨约3.4 ...

Core Insights - Intel reported third-quarter revenue of $13.65 billion, a year-over-year increase of 2.8% [1] - The adjusted gross margin for the third quarter was 40% [1] - Adjusted earnings per share for the third quarter were $0.23, compared to a loss of $0.46 per share in the same period last year [1] - For the fourth quarter, Intel expects revenue between $12.8 billion and $13.8 billion [1] - The company anticipates an adjusted gross margin of 36.5% for the fourth quarter [1] - Adjusted earnings per share for the fourth quarter are projected to be $0.08 [1]

Core Insights - Intel's stock rose over 7% after reporting Q3 revenue of $13.65 billion, a year-over-year increase of 2.8% [1] Revenue Breakdown - Data Center and AI revenue for Q3 was $4.12 billion, exceeding analyst expectations of $3.97 billion [1] - Client Computing revenue for Q3 reached $8.54 billion, surpassing analyst forecasts of $8.15 billion [1] - Intel Foundry revenue for Q3 was $4.24 billion, slightly below analyst expectations of $4.51 billion [1] Profitability Metrics - Adjusted gross margin for Q3 was 40%, higher than the expected 36.1% [1] - Adjusted profit margin for Q3 was 11.2%, significantly above the anticipated 3.07% [1] Future Guidance - The performance guidance excludes the Altera business, which is expected to remove $400-500 million from revenue forecasts [1] - For Q4, Intel expects revenue to be between $12.8 billion and $13.8 billion [1]

Core Viewpoint - Intel has released an optimistic revenue forecast, projecting fourth-quarter sales between $12.8 billion and $13.8 billion, indicating a positive trajectory after a turbulent year [1] Group 1: Financial Performance - The company reported that current demand is exceeding supply, a trend expected to continue until 2026 [1] - Intel's third-quarter performance surpassed expectations, attributed to the potential strength in its core markets [1] Group 2: Management Strategy - New CEO Tan emphasized stricter financial discipline, suggesting a pause in manufacturing plans when investment returns are unclear [1] - This approach raises concerns that Intel may no longer pursue maintaining a leading position in the semiconductor industry [1]

Group 1 - The 14th National People's Congress Standing Committee of China is holding its 18th meeting from October 24 to 28 in Beijing [3] - The 2025 World Top Scientists Forum will take place in Shanghai from October 24 to 26 [3] - The U.S. stock market saw all three major indices rise, with the Nasdaq up 0.89%, S&P 500 up 0.58%, and Dow Jones up 0.31% [5] Group 2 - The Chinese government reported that the number of applications for the 2025 automobile trade-in subsidy has exceeded 10 million, with over 57.2% of the vehicles being new energy vehicles [7] - E-commerce in China has shown healthy growth, with online retail sales increasing by 9.8% in the first three quarters of the year [10] Group 3 - Intel reported a third-quarter adjusted earnings per share of $0.23, compared to a loss of $0.46 in the same period last year, with revenue of $13.65 billion, a 2.8% year-over-year increase [27] - NIO has achieved a significant increase in delivery volume, surpassing 10,000 units in a single week for the first time [22] Group 4 - Boeing appointed Landon Loomis as the new president of Boeing China, indicating a strategic focus on the Chinese market [20] - JD.com reported a successful auction for its "National Good Car" with a final bid of 78.19 million yuan, reflecting strong market interest [18]

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

每经AI快讯，10月23日美股盘后，英特尔公布2025年第三季度财务数据和第四季度业绩指引。英特尔 第三季度营收136.5亿美元，同比增加2.8%；第三季度经调整毛利率40%，市场预估36.1%；第三季度调 整后每股收益0.23美元，上年同期每股亏损0.46美元。英特尔预计第四季度营收128亿美元至138亿美 元；预计第四季度经调整毛利率36.5%；预计第四季度调整后每股收益0.080美元，市场预估0.10美元。 ...

Core Insights - Intel reported quarterly earnings of $0.23 per share, significantly exceeding the Zacks Consensus Estimate of $0.01 per share, and compared to a loss of $0.46 per share a year ago, indicating a substantial turnaround [1] - The company achieved revenues of $13.65 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 4.13% and showing an increase from $13.28 billion year-over-year [2] - Intel's stock has increased approximately 84.1% since the beginning of the year, outperforming the S&P 500's gain of 13.9% [3] Earnings Outlook - The future performance of Intel's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $13.37 billion, and for the current fiscal year, it is $0.12 on revenues of $51.89 billion [7] Industry Context - The Semiconductor - General industry, to which Intel belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, which may impact stock performance [8] - Nvidia, another company in the same industry, is expected to report quarterly earnings of $1.23 per share, reflecting a year-over-year increase of 51.9% [9]

每经编辑｜陈鹏程 王晓波 1 中国十四届全国人大常委会第十八次会议10月 24日至28日在北京举行 2 欧元区10月综合PMI初值公布 ③美国9月核心CPI、10月密歇根大学消费者信心 指数等数据公布 4 2025世界顶尖科学家论坛将于10月24日至26 日在上海举办 ⑤日本9月CPI公布 1 党的二十届四中全会审议通过"十五五"规划建议 中国共产党第二十届中央委员会第四次全体会议，于2025年10月20日至23日在北京举行。全会由中央政治局主持。中央委员会总书记习近平作了重要讲话。 全会听取和讨论了习近平受中央政治局委托所作的工作报告，审议通过了《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》。习近平就 《建议（讨论稿）》向全会作了说明。（央视新闻） 2 中共中央将于24日上午举行新闻发布会 介绍和解读党的二十届四中全会精神 中共中央将于10月24日上午10时举行新闻发布会，介绍和解读党的二十届四中全会精神。中央广播电视总台及新华网、中国网等将对新闻发布会进行直播。 （央视新闻） 3 隔夜市场 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%；大型科技股多数上 ...