Core Insights - Intel Corporation's third-quarter results show a positive trend driven by increased demand for AI technologies, with the stock gaining 1.64% in early trading [3][4]. Financial Performance - Third-quarter revenue reached $13.7 billion, reflecting a 3% year-over-year increase [6]. - Earnings per share (EPS) attributable to Intel was reported at $0.90, while non-GAAP EPS was $0.23 [6]. Future Outlook - The company forecasts fourth-quarter revenue between $12.8 billion and $13.8 billion, with expected EPS attributable to Intel at $(0.14) and non-GAAP EPS at $0.08 [7]. - The guidance excludes Altera following the sale of a majority ownership interest completed in the third quarter [7]. Strategic Initiatives - Intel's CEO highlighted improved execution and strategic progress, emphasizing AI's role in driving demand for computing resources and opportunities across various product lines [4]. - The CFO noted significant steps taken to strengthen the balance sheet, including funding from the U.S. Government and investments from NVIDIA and SoftBank Group, which enhance operational flexibility [5].
$INTC Trends - AI Demand Boosts Intel Corporation (Nasdaq: INTC) third-quarter results