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Intel Returns To Profit With Strong Q3 Results And Upbeat Forecast
Benzinga
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3 months ago
Intel returned to profit with $13.7B in Q3 revenue and 23¢ EPS, beating estimates. Backed by $15B in new funding, the company projects steady growth into 2026 as shares jumped 8% after hours.
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00:00
It's Benzinga, bringing Wall Street to Main Street.
00:02
Intel returned to profitability in the third quarter and issued an upbeat fourth quarter revenue forecast of about $13.3 billion.
00:08
According to Bloomberg, the company's revenue rose 3% to $13.7 billion, exceeding estimates of $13.2 billion.
00:15
All adjusted earnings of $0.23 per share beat the expected $0.01.
00:18
Intel forecasts fourth quarter sales of about $13.3 billion,
00:22
slightly below Wall Street estimates due to the exclusion of revenue from its recently spun-off unit.
00:26
CEO Lip Bhutan took over in March, secured $15 million in funding from the U.S. government,
00:32
NVIDIA, and SoftBank, helping shares climb 90% this year.
00:36
CFO Dave Zinser said PC demand is outpacing supply and could remain strong into 2026.
00:42
Shares rose 8% in after-hours trading, following a $38.16 close.
00:46
For all things money, visit Benzinga.com.
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