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6mo ago

Intel Swings to $4.1 Billion Q3 Profit, Guides $12.8–$13.8 Billion for Q4

Intel ties the rebound to execution under new CEO Lip-Bu Tan.

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Overview

  • The chipmaker reported net income of $4.1 billion for the quarter, reversing a $16.6 billion loss a year earlier.
  • Revenue reached $13.7 billion for the period ended in September, up 3% year over year.
  • Fourth-quarter guidance calls for $12.8–$13.8 billion in revenue and earnings of $0.14 per share.
  • Lip-Bu Tan, who became CEO in March, said the improvement reflects execution and steady progress on strategic priorities.
  • Intel cited accelerating AI-driven computing demand and highlighted its leading CPUs, advanced logic manufacturing, and U.S.-based R&D as key advantages.