Q3 Earnings October 23rd, 2025 【 】【 intel. I H B R B B B B B B B B 【 R R R R B B B B B B B . 【 】【 I I I I I 1000 R. B. B. B. B. B. B. B. B. B. A 【 】【 PANT REBECT FIN NEW YO TO B 上一篇：第二章 第二章 【 】【 | 日本日 | 日 | | | | 8 0 1 8 1 8 1 1 1 1 1 下载 电 电 机 FINA REAL ITERIAL I 2 NIN 0 【 【 】 【 】【 【 用 】 【 】 】 】 【 】 【 】 】 】 【 】 】 】 1 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 1 1 0 0 0 . 11 2 10 1 L MIN REA THERE THE READ N NOT THE intel. 3 rd Quarter Earnings Presentation Lip-Bu Tan Chief Executive Officer T R B R B R David Zinsner E ...

Core Insights - Intel has returned to profitability, with shares surging after reporting earnings that exceeded analysts' expectations [1][2][3] Financial Performance - Intel reported adjusted earnings of 23 cents per share for Q3 2025, a significant improvement from losses in the previous quarters and above the expected 2 cents per share [2] - Revenue increased by 3% year-over-year to $13.7 billion, surpassing projections [2] Strategic Developments - The company has undergone major restructuring, appointed a new CEO, and secured high-profile deals, including a 10% stake from the U.S. government, indicating progress in its turnaround efforts [3][4] - CEO Lip-Bu Tan highlighted that the results reflect "steady progress" and increased demand for AI products, creating new opportunities [4] Future Outlook - Intel anticipates adjusted earnings of 8 cents per share for Q4, with revenue expected between $12.8 billion and $13.8 billion, aligning with analysts' forecasts [6] - The stock has seen a remarkable increase of 90% for 2025, driven by a series of strategic deals and positive market sentiment [1][6]

Core Insights - Intel reported an adjusted profit of 23 cents and revenues of $13.65 billion, exceeding expectations despite some accounting changes [1] - The company is experiencing a supply crunch due to a faster-than-anticipated data center refresh, which may lead to supply shortages in Q1, Q2, and possibly Q3 [2] - Intel is strengthening its cash position, potentially reaching about $35 billion, aided by a US government cash injection and the sale of a 51% stake in Altera [3] Financial Performance - Intel's adjusted profit was 23 cents per share, with revenues of $13.65 billion, indicating a positive performance in product segments but a miss in the foundry business [1] - The stock price has nearly doubled since January 1st, currently trading above $40 [1] Supply Chain and Demand - The data center refresh is occurring faster than expected, leading to a supply shortage that Intel anticipates will affect Q1 through Q3 [2] - The company is managing demand with existing inventory but will struggle to meet future demand due to supply constraints [2] Cash Position and Investments - Intel is bolstering its cash reserves, with potential cash reaching $35 billion from various sources, including government support and the sale of its stake in Altera [3] - The company has not yet received payment from Nvidia for their deal, which will further enhance cash reserves once completed [3] Government Relations - The US government has become Intel's largest shareholder, but Intel's CFO stated that they do not pre-brief the government on financial numbers [5] - Intel is in regular communication with the government as with any major shareholder [5] Future Outlook - Intel is making progress with advanced chip processes but will not increase supply until there is firm demand [5] - Further guidance on future performance is expected to be provided in an upcoming call [6]

Intel (Nasdaq: INTC) reported Q3 earnings after the bell, and investors like what they see. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Financial Performance - Q3 2025 revenue was $13.7 billion, up 3% year-over-year[6] - Gross margin improved to 38.2%, up 23.2 percentage points from Q3 2024[5] - Net income attributable to Intel was $4.1 billion, a 124% increase compared to a loss of $16.6 billion in Q3 2024[5] - Earnings per share (EPS) attributable to Intel was $0.90, up 123% from a loss of $3.88 in Q3 2024[5] - Net revenue for the three months ended September 27, 2025, was $13,653 million, an increase of 2.8% from $13,284 million in the same period last year[21] - Gross profit significantly improved to $5,218 million compared to $1,997 million in the prior year, reflecting a gross margin increase[21] - Operating income turned positive at $683 million, a substantial recovery from an operating loss of $9,057 million in the same quarter last year[21] - Net income attributable to Intel was $4,063 million, a significant turnaround from a net loss of $16,639 million in the prior year[21] - Earnings per share attributable to Intel were $0.90, compared to a loss per share of $3.88 in the same quarter last year[21] Forecast and Guidance - Intel forecasts Q4 2025 revenue between $12.8 billion and $13.8 billion, with expected EPS of $(0.14) and non-GAAP EPS of $0.08[10] - GAAP gross margin percentage for Q4 2025 is 34.5% with a non-GAAP gross margin percentage of 36.5%[42] - GAAP earnings per share attributable to Intel—diluted is $(0.14), while non-GAAP earnings per share is $0.08[42] - Full-Year 2026 GAAP operating expenses are projected to be $19.0 billion, with non-GAAP operating expenses at $16.0 billion[45] Operational Developments - The Client Computing Group (CCG) revenue was $8.5 billion, up 5% year-over-year[8] - Intel received $5.7 billion in funding from the U.S. Government during the quarter[9] - NVIDIA invested $5.0 billion in Intel common stock, reflecting confidence in Intel's role in semiconductor manufacturing[9] - Intel unveiled the architecture of its Intel® Core™ Ultra series 3 processors, marking advancements in technology[9] - Fab 52 in Arizona became fully operational, part of Intel's $100 billion investment to expand domestic operations[9] Asset and Equity Changes - Total current assets increased to $51,731 million from $47,324 million as of December 28, 2024, driven by higher cash and short-term investments[24] - Cash and cash equivalents at the end of the period rose to $11,141 million, up from $8,785 million a year ago[26] - Total assets increased to $204,514 million from $196,485 million as of December 28, 2024[24] - The total stockholders' equity increased to $116,730 million, up from $105,032 million at the end of the previous year[24] Employee and Cost Management - Employee count decreased to 88,400 from 124,100 a year ago, primarily due to the divestiture of the NAND memory business and the sale of Altera[22] - Non-GAAP gross profit for Q3 2025 was $5,456 million, compared to $2,393 million in Q3 2024, reflecting a significant increase[39] - Non-GAAP operating income for Q3 2025 was $1,524 million, while Q3 2024 reported a loss of $2,369 million, indicating a turnaround in performance[39] - Non-GAAP net income attributable to Intel for Q3 2025 was $1,023 million, compared to a loss of $1,976 million in Q3 2024, showcasing improved profitability[39] - Adjusted free cash flow for Q3 2025 was $896 million, a recovery from a negative $2,702 million in Q3 2024, indicating better cash management[40] Cost Adjustments and Tax Rates - The non-GAAP tax rate for 2025 is projected at 12%, down from 13% in 2024, reflecting changes in tax strategy and operations[39] - GAAP gross margin percentage improved to 38.2% in Q3 2025 from 15.0% in Q3 2024, highlighting enhanced operational efficiency[39] - GAAP operating margin for Q3 2025 was 5.0%, a significant recovery from a loss margin of 68.2% in Q3 2024[39] - The company reported acquisition-related adjustments of $101 million in Q3 2025, down from $224 million in Q3 2024, indicating reduced acquisition costs[39] - Share-based compensation expenses decreased to $137 million in Q3 2025 from $172 million in Q3 2024, reflecting tighter cost control[39] - Restructuring and other charges in Q3 2025 amounted to $175 million, significantly lower than $5,622 million in Q3 2024, indicating successful restructuring efforts[39] - The non-GAAP tax rate is estimated at 12%, contrasting with a GAAP tax rate of 476%[42] - Acquisition-related adjustments contribute 0.8% to the GAAP gross margin[42] - Share-based compensation impacts the GAAP earnings per share by $0.11[42] - The company anticipates restructuring and other charges to have minimal impact on non-GAAP operating expenses[45] - Income tax effects are projected to be $(464)% for GAAP measures[42] - The adjustments attributable to non-controlling interest are $(0.01) for earnings per share[42] - The outlook for non-GAAP gross margin and earnings per share is based on the mid-point of the revenue range[42]

Core Insights - Intel reported third-quarter results that exceeded analyst expectations, indicating a recovery in demand for its core x86 processors for PCs [1] - The company's shares rose 6% in after-hours trading and have increased over 87% year-to-date [2] Financial Performance - Intel's expected revenue for the fourth quarter is $13.3 billion, with diluted adjusted earnings per share of 8 cents, slightly below LSEG expectations of $13.37 billion [2] - The company reported a net income of $4.1 billion, or 90 cents per share, compared to a net loss of $16.6 billion in the same quarter last year [3] Government Investment - This earnings report is Intel's first since the U.S. government's $8.9 billion investment, which granted the government a 10% stake in the company [4] - Intel received $5.7 billion from the U.S. government during the quarter, but warned about the accounting treatment of this transaction [4][5] Strategic Partnerships - Intel secured a $5 billion investment from Nvidia, which will integrate Intel's CPUs with Nvidia's AI graphics processors, dominating the AI chip market [6] - The company anticipates that demand for its chips will continue to exceed supply into the next year [6] Sales Breakdown - Intel's products group reported $12.7 billion in sales, a 3% increase year-over-year, with $8.5 billion from the Client Computing Group and $4.1 billion from data center CPUs, which saw a 1% decline [7] - The foundry division reported $4.2 billion in sales, down 2% year-over-year, with all sales attributed to Intel's own chip production [9] Future Outlook - Investors are focused on the future of Intel Foundry, which requires $100 billion in capital investment and has yet to secure a major customer [8] - Intel has begun production of its most advanced chips in Arizona during the quarter [8]

Core Insights - The company exceeded revenue expectations but is struggling to meet demand due to supply constraints [1] Group 1 - The company reported higher than expected revenue [1] - There is significant demand in the market that the company is unable to fulfill [1] - Supply constraints are impacting the company's ability to meet this demand [1]

The troubled chipmaker posted third-quarter profit of $4.1 billion on improved sales. ...

Core Insights - Intel's fourth-quarter revenue forecast is slightly below estimates, indicating potential challenges ahead for the company [1] - The company exceeded profit expectations for the September quarter, attributed to significant cost-cutting measures implemented by CEO Lip-Bu Tan [1] Financial Performance - Intel reported a profit for the September quarter that surpassed market expectations, showcasing effective management strategies [1] - The forecast for fourth-quarter revenue suggests a cautious outlook, which may impact investor sentiment [1] Management Actions - CEO Lip-Bu Tan's aggressive cost-cutting initiatives have played a crucial role in improving profitability during the September quarter [1] - The focus on cost management indicates a strategic shift within the company to enhance financial stability [1]