Intel Stock Jumps as Q3 Earnings Beat Expectations

Intel stock jumped more than 7% in premarket trading on Friday as the chipmaker reported third-quarter earnings and revenue that topped Wall Street expectations, Laura Bratton reported for Yahoo Finance.

Intel makes CPUs—traditional computer chips—used alongside AI chips in data center servers to power artificial intelligence software. (Photo: Intel)

Intel reported $13.7 billion in revenue for the three months ended Sept. 27, higher than the $13.15 billion expected by analysts tracked by Bloomberg and above the $13.28 billion recorded a year earlier.

The chipmaker said adjusted earnings per share were $0.23, exceeding Wall Street’s $0.01 estimate. The company reported a loss of $0.46 during the same period in 2024.

CEO Lip-Bu Tan said in a statement that “AI is accelerating demand for compute and creating attractive opportunities across our portfolio,” including the company’s closely watched manufacturing business and its products.

“We believe we’re well positioned to play a more significant role in AI,” added Intel’s head of investor relations, John Pitzer, in an interview with Yahoo Finance.

Intel makes CPUs—traditional computer chips—used alongside AI chips in data center servers to power artificial intelligence software. Its CPUs are also used in personal computers, including AI-enabled PCs.

The company said it expects fourth-quarter adjusted EPS of $0.08, below the $0.10 per share estimated by analysts, according to Bloomberg consensus data. Intel forecasts revenue of $13.3 billion at the midpoint of its projected range, slightly below the $13.4 billion expected.