Business · Companies · 1 hr ago
Intel revenue rises 21% as weak outlook sends shares lower
Intel reported $16.5 billion in revenue for the third quarter of 2026, up 21% from a year earlier.
Data center and AI revenue rose 78% to $7.3 billion, while revenue from client computing and physical AI fell 5% to $8.1 billion.
The reports gave different profit figures: one said net profit was $3.32 billion, down 18%, while another reported $2.76 billion, up 169.4%, excluding extraordinary items.
Intel’s adjusted earnings per share were 52 cents, above analysts’ estimate of 41 cents.
Its next-quarter revenue forecast was below expectations, with Intel projecting $15 billion to $16 billion compared with analysts’ estimate of $17.29 billion.
Intel shares fell 15.8% after hours following the results and forecast.
The company’s finance chief said he expected the slowdown in PCs to continue at least through the first half of next year.
Intel reported third-quarter 2026 revenue of $16.5 billion, up 21% from a year earlier.
Its fourth-quarter revenue forecast of $15 billion to $16 billion was below analysts’ $17.29 billion estimate.
Intel shares fell 15.8% in after-hours trading in New York after the results were announced.
Adjusted earnings per share were $0.52, above analysts’ estimate of $0.41.
The reports gave different figures for third-quarter net income, citing different accounting bases.
- Who
- Intel, the semiconductor and processor maker.
- What
- It reported third-quarter results and forecast fourth-quarter revenue below analysts’ expectations.
- When
- October 29, 2026.
- Where
- The share decline was in after-hours trading in New York; the results announcement’s location is not stated.
- Why
- Intel forecast fourth-quarter revenue of $15 billion to $16 billion, below analysts’ estimate of $17.29 billion.
This story does not have two clearly opposing sides.
Intel published its third-quarter results and fourth-quarter outlook.
Intel shares fell 15.8% in after-hours trading in New York.
- Third-quarter revenue
- US$16.5 billion, up 21% year over year
- Fourth-quarter revenue forecast
- US$15 billion to US$16 billion
- Analysts’ fourth-quarter revenue estimate
- US$17.29 billion, according to FactSet
- Adjusted earnings per share
- US$0.52, compared with analysts’ US$0.41 estimate
- After-hours share move
- Down 15.8% in New York
- Net income figures reported
- US$3.32 billion, down 18%, in CNN Brasil; US$2.76 billion, up 169.4%, excluding extraordinary events, in UOL
3 sources
What people are saying
We see the PC slowdown continuing at least through the first half of next year, but remain optimistic about the opportunities in our broader portfolio.