Intel Beats Q3 Estimates but Q4 Guidance Falls Short, Shares Drop After Hours
Intel reported third-quarter revenue of $16.51 billion and EPS of 52 cents, but guided fourth-quarter revenue to $15.0-16.0 billion versus analyst expectations of $17.1 billion.
Intel reported third-quarter revenue of $16.51 billion on October 29, 2026, up 21% from $13.7 billion a year earlier and slightly above the $16.5 billion LSEG consensus, according to digitaltoday.co.kr. Adjusted earnings per share came in at 52 cents, beating the 40-cent estimate.
The Data Center and AI segment posted revenue of $7.3 billion, up 78%. The Client Computing and Physical AI segment reported $8.1 billion, down 5% and below expectations.
For the fourth quarter, Intel guided revenue to $15.0-16.0 billion and adjusted EPS to 25 cents, well below analyst expectations of $17.1 billion and 43 cents. Shares fell sharply in after-hours trading following the results.
Context
Intel shares had risen about 150% this year before falling roughly 23% in October amid concerns over the scale of AI infrastructure investment. According to Counterpoint Research, global PC shipments fell 4% year on year in the second quarter amid sharp rises in component prices such as memory.
Quick answers
What were Intel's third-quarter revenue and earnings?
Intel reported revenue of $16.51 billion and adjusted earnings per share of 52 cents, beating the LSEG consensus of $16.5 billion and 40 cents.
What fourth-quarter guidance did Intel issue?
Intel guided fourth-quarter revenue to $15.0-16.0 billion and adjusted EPS to 25 cents, below analyst expectations of $17.1 billion and 43 cents.