Intel Third-Quarter Revenue Rises 21% to $16.5 Billion as Data Center Revenue Jumps 78%
SANTA CLARA, California — Intel Corporation on October 29 reported third-quarter 2026 financial results: revenue rose 21% year over year to $16.5 billion, exceeding the company's guidance. GAAP net income attributable to Intel was $3.3 billion, or $0.60 per diluted share; non-GAAP net income was $2.8 billion, or $0.52 per diluted share, up 169% and 126% from a year earlier.
By business unit, Client Computing and Physical AI Group (CCPG) revenue was $8.1 billion, down 5%, while Data Center and AI (DCAI) revenue was $7.3 billion, up 78%. Chief Financial Officer David Zinsner said it was the company's strongest data center revenue growth in 15 years. Total Intel Products revenue was $15.4 billion, up 22%.
Intel Foundry revenue was $6.7 billion, up 58%, including intersegment sales; company-wide intersegment eliminations totaled $6.3 billion. All Other revenue was $0.7 billion, down 30%. Intel generated $5.1 billion in cash from operations in the quarter. GAAP gross margin was 43.0% and non-GAAP gross margin was 44.1%.
During the quarter, Intel completed a $23 billion public equity offering to support future growth while maintaining a strong balance sheet and investment-grade rating. The company also announced plans to acquire Classiq, combining its quantum software synthesis platform with Intel's spin-qubit manufacturing and software expertise to create a full-stack quantum computing platform.
For the fourth quarter of 2026, Intel guided revenue of $15.0 billion to $16.0 billion, with GAAP earnings per share of $0.10 and non-GAAP earnings per share of $0.25, based on the midpoint of the revenue range.
“Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology,” said Chief Executive Officer Lip-Bu Tan. He said that despite near-term headwinds across the PC industry, demand for the company's CPUs remains robust, and that Intel's immediate priority is to unlock additional supply to meet extraordinary demand for its Xeon family.
Source: GSM · USA (original Chinese edition)
Photo: 英特尔位于美国加利福尼亚州 Santa Clara 的总部大楼。Sixflashphoto 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Intel's headquarters building in Santa Clara, California. Photo by Sixflashphoto, CC BY-SA 4.0, via Wikimedia Commons.
