It expects Q4 revenue to resume growth to reach $14.6 billion to $15.6 billion.
“We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps, agreements with new foundry customers, and momentum as we bring AI everywhere,” said CEO Pat Gelsinger.
Profit was $297 million down from $1.02 billion in Q3 2022. Margin was 45.8%.
Opex was down 15% y-o-y and Intel says it will cut costs by $3 billion this year.
PC sales were down 3% to $7.9 billion.
Data Centre sales were down 10% to $3.8 billion.
Mobileye sales grew 18% to $530 million.
Intel foundry services had sales of $311 million – up up nearly 300% y-o-y.
Network and edge division sales fell 32% to $1.5 billion.
Stay up to date with the latest in industry offers by subscribing us. Our newsletter is your key to receiving expert tips.
2026 has entered its second half.Looking back at the first half of the year, the global semiconductor industry continued to evolve under the strong momentum of AI demand. The rapid expansion of AI ser
SEMI's latest forecast projects that global semiconductor manufacturing equipment sales will reach a record US$165.9 billion in 2026, representing a 23.2% year-over-year increase. Driven by sustai
According to supply chain sources, memory contract prices are expected to increase significantly over the coming quarters, with gains likely to exceed previous market expectations.Reports indicate tha
