Overview
- Intel posted adjusted EPS of $0.23 on revenue of about $13.65–$13.7 billion, with a 40% adjusted gross margin, beating Wall Street estimates.
- Fourth-quarter guidance calls for $12.8–$13.8 billion in revenue and about $0.08 in adjusted EPS, with the outlook excluding deconsolidated Altera revenue.
- Liquidity strengthened as Intel ended Q3 with $30.9 billion in cash and short-term investments and repaid $4.3 billion in debt, with Nvidia’s $5 billion investment expected to close in Q4.
- The U.S. government now holds roughly a 10% stake after an $8.9 billion purchase, and SoftBank invested $2 billion, adding to Intel’s financing cushion.
- Intel Foundry Services recorded an operating loss of roughly $2.3 billion as external customer traction remains limited, and management signaled acceptable 18A yields are not expected before 2027 while highlighting progress toward 14A.