Intel beat its guidance again. Third-quarter revenue reached $16.5 billion, up 21% from a year earlier.
Data Center and AI sales climbed 78% to $7.3 billion, the clearest sign that server demand is driving the recovery. The Client Computing and Physical AI Group (CCPG) reported $8.1 billion, down 5%. Meanwhile, Intel Products revenue totaled $15.4 billion, up 22%, and foundry revenue increased 58% to $6.7 billion
GAAP EPS came in at $0.60, and non-GAAP EPS reached $0.52. Intel generated $5.1 billion in operating cash flow.
However, the outlook is less exuberant: Management expects the PC slowdown to continue through at least the first half of 2027 and forecasts Q4 revenue of $15 billion to $16 billion.
