Intel (INTC) earnings report Q3 2025
Intel CEO Lip-Bu Tan holds a slab of CPU tiles for the Intel Core Ultra series 3, codenamed Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chip (SoCs) built on the Intel 18A compute node.
Courtesy: Intel
Intel It reported better-than-expected revenue on Thursday, signaling that demand for its core x86 processors for PCs is recovering. The stock is up 6% in extended trading.
Intel’s performance in the third quarter according to LSEG consensus estimates is as follows:
- Revenues: $13.65 compared to the estimated $13.14 billion
- EPS: 23 cents, adjusted, not comparable to analyst estimates
Intel recorded a loss of 37 cents per share in the quarter, accounting for shares in escrow that will be left in escrow to the U.S. government as part of its $8.9 billion investment. The Trump administration negotiated the investment in August and purchased 433.3 million shares at $20.47 per share.
The chipmaker said it expects revenue of $13.3 billion at the midpoint in the fourth quarter, with adjusted earnings per share of 8 cents. Analysts expected revenue of $13.37 billion and earnings of 8 cents per share, but those numbers don’t compare to Intel’s estimates.
Intel said its outlook does not include the impact of the recent sale of its Altera subsidiary.
Intel reported third-quarter net income of $4.1 billion, or 90 cents per share; In comparison, net loss in the previous year quarter was $16.6 billion. Intel announced it received $5.7 billion from the U.S. government during the quarter.
“There is limited precedent for accounting for such transactions,” Intel warned investors in the press release.
Intel said it tried to meet with the Securities and Exchange Commission to get approval for the government’s approach to accounting for its shares, but has not yet received a response due to the shutdown. The company warned that it may revise its results in the future.
The company is also a 5 billion dollar investment from one time rival Nvidia In September. As part of this agreement, the two companies will integrate Intel’s central processors (CPUs) along with Nvidia’s AI graphics processors, which currently account for 90% of the AI chip market.
Intel said demand for its chips is outpacing supply and it expects that trend to continue next year.
The product group reported sales of $12.7 billion, up 3% year over year, the company said. Of that, $8.5 billion came from the Customer Computing Group, which includes chips for PCs and laptops. Another $4.1 billion in sales was for data center CPUs, down 1% year over year. Intel said it hopes its deal with Nvidia can help stimulate growth in its data center CPU business.
Investors are focused on the future of Intel Foundry, which produces chips not only for Intel but also for other companies. The division requires $100 billion in capital investment and has yet to land a major customer. Intel said it started production of its most advanced chips in Arizona this quarter.
Intel’s foundry reported sales of $4.2 billion in the quarter, down 2% year over year. The company said all of the revenue comes from Intel’s use of the foundry to produce its chips.
The company said the number of employees dropped to 88,400, compared to 124,100 in the same period last year.
Correct: An earlier version of this story included incorrect employee counts.
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