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Intel (Intc) Stock jumped as much as 7% after the bell on Thursday as the chipmaker reported third-quarter earnings and earnings to Wall Street’s attention.
Intel reported $13.7 billion in the three months ended September 27, higher than the $13.15 billion expected by analysts tracked by Bloomberg and $13.28 billion a year earlier. The chipmaker said adjusted earnings per share were $0.23, above the $0.01 Wall Street estimate. The company reported a loss of $0.46 for the same period in 2024.
CEO Lip-Bu Tan said in a statement that “AI accelerates the need to compute and creates great opportunities across our portfolio,” including the company’s most visible business, which is championing the company and its products.
“We believe we are well positioned to play a very important role in Ayi,” added Intel’s head of Invember Relations John Pitzer in an interview with Yahoo Finance.
Intel makes CPUs, or traditional computer processors, used alongside AI chips in data center servers to run artificial intelligence software. Its CPU is also used in computers including AI PCs.
The company said it expects fourth-quarter adjusted EPS of $0.08, less than the $0.10 per share estimated by analysts, Bloomberg Consensus data. The chipmaker forecast revenue of $13.3 billion in the middle of its range, below the $13.4 billion expected.
Intel said its fourth-quarter guidance was below analysts’ estimates because the company’s projections did not include revenue from Alelta-Medicine
Intel’s third-quarter results follow high-profile bailouts from the US government, Nvidia ( NVDA ), and Softbank ( 9984.T ). The government took a 9.9% stake in the chipmaker in late August, with Nvidia’s $5 billion investment reaching a 4% ownership stake. The investment strengthens Intel’s balance sheet
Still, analysts and investors said those investors did little to change Intel’s stance on third-party manufacturing. Intel has been producing its own chips, but opened the business to foreign customers in 2021.
The arm of Intel’s Decuting ARM, Intel Fedry Services, reported an operating loss of $2.3 billion in the third quarter, wider than the $2.2 billion expected due to a loss of $5.8 billion a year ago.
Creative strategies Pricept Analyst Ben Bajarin told Yahoo Finance that, by the way, Intel’s results on Thursday were not caused by “eyes that say,” all eyes moved forward. “
Wall Street fears that heavy spending on the new sector may not pay off. So far, the business has failed to attract major commitments from foreign customers. Policymakers, however, are more invested in the company’s success because of its geopolitical importance: Most computer chips are made in Taiwan, and Intel is the only high-quality, large-scale semiconductor manufacturer.
Confounding the business front is the fact that Intel is no longer promoting the latest 18A Chip Production process as a way to attract foreign customers. Early reports indicate that both Nvidia and Broadcom ( AVGO ) have been testing the technology, but lawsuits involving the firms have failed to materialize.
Instead, Intel has established primarily using 18a for its internal products, including the Core Ultra Series 3 Chips for consumers and the XEon 6+ for the next generation data center, which is close to the next generation data chip, which is trending in the first half of 2026.
Intel is now focusing on attracting customers with its next-generation manufacturing process, called 14a.
Pitzer’s Pitzer cites Yahoo Finance, “[W]e are very happy with the response we are getting from early customer engagement. Without a doubt, where we are today in 14A is close to where we are [were] at the same point in time in the development of 18A. “
Daniel Howley contributed the impact.
Laura Bratton is a Yahoo finance reporter. Follow her on Bluesky @ laurabratton.bsky.social. Email me at aura.bratton@yahooin.com.
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