Intel (INTC) Q3 earnings report 2026

Key Points:

• Intel reported stronger-than-expected third-quarter earnings per share at 52 cents, but revenue in its client computing segment fell 5% year-over-year, missing estimates amid a global PC market slowdown.
• The company issued a weak fourth-quarter forecast, expecting earnings per share of 25 cents and revenue between $15 billion and $16 billion, below analyst expectations due to ongoing PC demand softness and supply chain disruptions.
• An explosion at Intel's Israeli fabrication plant is projected to cost around $600 million in lost revenue over two quarters, though production is expected to ramp up again soon.
• Despite near-term challenges in the PC industry, Intel remains optimistic about long-term demand for its CPUs and computing platforms, supported by growth in data center and AI revenues.
• Intel continues to invest in its foundry business and new chip fabrication facilities, aiming to compete with dominant players like TSMC, while securing partnerships such as Oracle's expanded deployment of its next-generation server processors.