Intel Reports Q3 2026 Financial Results with 21% Revenue Growth and Issues Q4 Outlook

Summary of Intel Corporation (NASDAQ: INTC) Q3 2026 Results

Financial Performance Overview:

• Total Revenue: $16.5 billion, up 21% year-over-year compared to $13.7 billion in Q3 2025.
• GAAP Gross Margin: 43.0% (up 4.8 percentage points YoY); Non-GAAP Gross Margin: 44.1% (up 4.1 percentage points YoY).
• GAAP Operating Margin: 15.3% (up 10.3 percentage points YoY); Non-GAAP Operating Margin: 19.6% (up 8.4 percentage points YoY).
• GAAP Net Income: $3.3 billion, down 18% YoY; Non-GAAP Net Income: $2.8 billion, up 169% YoY.
• Diluted EPS: $0.60 GAAP (down 33% YoY); $0.52 Non-GAAP (up 126% YoY).
• Cash Flow: Generated $5.1 billion in cash from operations.

Segment Highlights:

• Client Computing and Physical AI Group (CCPG): $8.1 billion, down 5% YoY due to ongoing PC market headwinds.
• Data Center and AI (DCAI): $7.3 billion, up 78% YoY, marking the strongest data center revenue growth in 15 years driven by Xeon demand.
• Intel Foundry: $6.7 billion, up 58% YoY.
• All Other: $0.7 billion, down 30% YoY (reflecting the prior deconsolidation of Altera).

Q4 2026 Outlook:

• Revenue: Projected between $15.0 billion and $16.0 billion.
• Gross Margin: GAAP gross margin of 37.1%; Non-GAAP gross margin of 38.0%.
• Diluted EPS: GAAP EPS of $0.10; Non-GAAP EPS of $0.25.
• Tax Rate: Estimated GAAP tax rate of 31%; Non-GAAP tax rate of 11%.