Intel Corp. (NASDAQ:INTC) posted its third-quarter fiscal 2026 results after Thursday’s closing bell, beating expectations but issuing fourth-quarter guidance well-below estimates.
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Intel Q3 Details
Intel reported quarterly earnings of 52 cents per share, which beat the consensus estimate of 40 cents by 30%, per Benzinga Pro data.
Quarterly revenue came in at $16.51 billion, which beat the Street estimate of $16.47 billion.
Intel’s guidance is moving the stock. The company expects fourth quarter adjusted EPS of 25 cents, versus the 43 cent analyst estimate, and revenue in a range of $15 billion to $16 billion, versus the $17.05 billion estimate.
“Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology,” said Lip-Bu Tan, Intel CEO.
“Despite near-term headwinds across the PC industry, demand for our CPUs remains robust, reinforcing our confidence in the long-term growth opportunities for our business. Our immediate priority is to unlock additional supply to meet extraordinary demand for our Xeon family, while strengthening our product portfolio and roadmap,” Tan said.
“We are moving with urgency and focus to capitalize on these opportunities to deliver sustainable growth and long-term shareholder value,” he added.
INTC Stock Price: According to data from Benzinga Pro, Intel stock was down 16.53% to $76.85 in Thursday’s extended trading.
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