The company projected fourth-quarter adjusted earnings of 25 cents per share on revenue up to $16 billion, missing Wall Street targets due to persistent PC market contraction. Strong data center performance and artificial intelligence gains drove a 21% annual revenue increase in the third quarter, but could not offset weakness in client computing. Additionally, manufacturing expansion faces delays, with a second Arizona fabrication facility not slated to begin operations until late 2028.
Key points
Softness in the personal computer market is expected to persist through at least the firs…: Softness in the personal computer market is expected to persist through at least the first half of next year.
High-volume manufacturing of the 18A chip has begun in Arizona, though Intel currently re…: High-volume manufacturing of the 18A chip has begun in Arizona, though Intel currently remains the primary customer for the technology.
The company is relying on backing from the Trump administration, Nvidia, and SoftBank whi…: The company is relying on backing from the Trump administration, Nvidia, and SoftBank while managing manufacturing delays in Ohio and Arizona.
Sources checked by our analysis pipeline: 1
Intel shares plummeted in extended trading on Thursday after the chipmaker issued a weak fourth-quarter forecast, citing continued softness in the global PC market.
Here's how the company did in the third quarter, compared with estimates from analysts polled by LSEG:
- Earnings per share: 52 cents adjusted vs. 40 cents expected
- Revenue: $16.51 billion vs. $16.5 billion expected
Revenue climbed 21% from $13.7 billion a year earlier, the company said in a press release.
However, revenue in Intel's client computing and physical AI group fell 5% from the same quarter a year ago to $8.1 billion, missing estimates, even as data center and AI revenue jumped 78% to $7.3 billion.
Global PC shipments declined 4% in the second quarter from a year earlier due to soaring costs for memory and other components, according to Counterpoint Research.
For the current quarter, Intel said it expects adjusted earnings per share of 25 cents on revenue between $15 billion and $16 billion. Analysts were expecting revenue of $17.1 billion and EPS of 43 cents, according to LSEG.
The retail giant is significantly expanding its logistical partnership through a multi-billion-dollar injection aimed at modernizing warehouse operations. This multi-year capital commitment accelerates the integration of advanced robotics throughout the company's regional facilities. The ongoing collaboration is expected to enhance operational efficiency and streamline fulfillment processes across the nationwide distribution footprint.
Investors responded positively to the company's latest earnings report, which demonstrated that business expansion is occurring profitably. This dramatic acceleration on the top line confirmed that financial growth is translating directly into higher shareholder value. The results highlight strong operating momentum behind the tech manufacturer's recent market performance.
Investor concern over weak audience expansion and softer upcoming sales overshadowed strong top-line growth during the latest financial period. To bolster its ecosystem, the social media platform is enacting a significant structural shift by eliminating guest browsing. Requiring mandatory accounts will fundamentally alter how visitors interact with the site after years of open public access.