Intel(US:INTC) 硬AI·2025-10-24 12:40Core Viewpoint - Intel's third-quarter financial results indicate a positive turnaround, with revenue growth and profitability driven by AI chip demand and external investments [1][12][13]. Financial Performance - Intel reported third-quarter revenue of $13.7 billion, a 3% year-over-year increase, surpassing analyst expectations of $13.2 billion [4]. - The adjusted EPS for the third quarter was $0.23, significantly exceeding the expected $0.01 and the previous quarter's loss of $0.10 [4][13]. - The gross margin for the third quarter reached 40.0%, up from 29.7% in the previous quarter and 18% a year ago, marking a substantial improvement [4][14]. Segment Performance - The Client Computing Group (CCG) generated $8.5 billion in revenue, a 5% increase year-over-year, outperforming analyst expectations [5][21]. - The Data Center and AI (DCAI) segment saw a slight decline in revenue to $4.1 billion, down 1% year-over-year, but still above analyst forecasts [6]. - The foundry business reported $4.2 billion in revenue, a 2% decrease compared to the previous year [7]. Future Guidance - For the fourth quarter, Intel expects revenue between $12.8 billion and $13.8 billion, slightly below analyst expectations of $13.44 billion [9][24]. - The projected adjusted EPS for the fourth quarter is $0.08, with a gross margin forecast of 36.5% [10][11]. External Investments - Intel has secured $15.9 billion in external financing over the past three months, including $5 billion from Nvidia and $5.7 billion from the U.S. government [15][27]. - The company is working closely with the Trump administration to support domestic semiconductor production, which may provide long-term benefits [29]. Market Sentiment - Analysts suggest that investor interest in Intel is more focused on future potential rather than past performance, with government support for domestic chip manufacturing being a critical factor [31][32].