Intel posts Q3 2026 revenue of $16.5 billion and guides Q4 below that level

Intel reported third-quarter 2026 results on October 29, showing revenue up 21% year over year to $16.5 billion, with non-GAAP EPS of $0.52 and GAAP EPS of $0.60. Data center and AI revenue rose 78% while client computing fell 5%, and Intel Foundry revenue grew 58% but still posted an operating loss of $1.9 billion. Management guided fourth-quarter revenue to $15.0 billion to $16.0 billion, with non-GAAP EPS of $0.25, and said it expects the PC slowdown to continue at least through the first half of 2027. Shares fell roughly 17% in after-hours trading following the release, according to Benzinga market coverage.

1. Q3 2026 revenue was $16.5 billion, up 21% year over year; GAAP gross margin 43.0%, non-GAAP gross margin 44.1%.
2. Q3 GAAP operating margin 15.3%; non-GAAP operating margin 19.6%; operating cash flow $5.1 billion.
3. DCAI revenue $7.3 billion, up 78%; CCPG revenue $8.1 billion, down 5%; Intel Foundry revenue $6.7 billion, up 58%, with an operating loss of $1.9 billion.
4. Q4 2026 guidance: revenue $15.0-16.0 billion; non-GAAP EPS $0.25; GAAP EPS $0.10.
5. CFO said the PC slowdown is expected to continue at least through the first half of next year.
6. Benzinga reported Intel stock fell 17.3% to $76.15 in after-hours trading on October 29, 2026.