Intel Corporation announced on Thursday that its revenue in the third quarter of fiscal 2026 came in at $16.5 billion, up 21% year over year and above analysts' forecasts.
In the reported three-month period, net income stood at $3.3 billion, down 18% from $4.1 billion registered in the same timeframe a year ago. Diluted earnings per share in the third trimester amounted to $0.60, worsening by 33% from $0.90 recorded in the same time period in 2025. In the fourth quarter, the company sees its revenue between $15 billion and $16 billion, with earnings per share expected to be at $0.10.
"Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology ... Despite near-term headwinds across the PC industry, demand for our CPUs remains robust, reinforcing our confidence in the long-term growth opportunities for our business," CEO Lip-Bu Tan said.
Intel's stock tumbles 21.47% in after-hours trading, following the report.
https://breakingthenews.net/Article/Intel-books-Q3-revenue-of-dollar16.5-billion-up-21/67437694
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.