Intel Rallies on Strong Q3 Results

Intel Corporation ($INTC) shares climbed 8% after the chipmaker reported better-than-expected Q3 results, reflecting earnings and guidance that exceeded Wall Street forecasts.

The results underscore steady progress in Intel’s ongoing efforts to revitalize its business amid fierce competition and a challenging semiconductor market.

Q3 Performance Highlights

Intel’s third-quarter report showed:

Revenue and EPS both topped analyst expectations
Gross margins improved sequentially, indicating cost discipline and early signs of manufacturing recovery
Client Computing and Foundry segments showed modest sequential gains

The results point to a gradual but consistent turnaround trajectory, led by operational execution and better inventory management.

Q4 Outlook

For the upcoming quarter, Intel provided guidance that was broadly in line with expectations:

Revenue: $12.8B–$13.8B (midpoint: $13.3B, just below consensus of $13.44B)
Adjusted EPS: $0.08 (in line with consensus)
Gross margin: 36.5%

While the midpoint of revenue guidance was slightly under analyst estimates, Intel’s tone and margin outlook signaled continued recovery momentum.

Turnaround Efforts and Investor Sentiment

The results strengthen investor confidence in CEO Pat Gelsinger’s restructuring plan, which focuses on:

Expanding Intel Foundry Services (IFS)
Streamlining operations for manufacturing efficiency
Competing aggressively with TSMC and Samsung in advanced node production

With improved profitability and a tighter execution focus, Intel’s turnaround narrative continues to gain credibility among long-term investors.