Intel

INTC Q3 2025 Earnings

Reported Oct 23, 2025 at 4:10 PM ET · SEC Source

Q3 25 EPS

$0.23

BEAT +3,050.68%

Est. $0.01

Q3 25 Revenue

$13.65B

BEAT +3.92%

Est. $13.14B

vs S&P Since Q3 25

+136.0%

BEATING MARKET

INTC +142.4% vs S&P +6.4%

Market Reaction

Did INTC Beat Earnings? Q3 2025 Results

Intel delivered a striking turnaround story in Q3 2025, posting non-GAAP EPS of $0.23 against a consensus estimate of just $0.01, a beat of more than 3,050%, while revenue climbed 2.8% year-over-year to $13.65 billion, ahead of the $13.14 billion Wal… Read more Intel delivered a striking turnaround story in Q3 2025, posting non-GAAP EPS of $0.23 against a consensus estimate of just $0.01, a beat of more than 3,050%, while revenue climbed 2.8% year-over-year to $13.65 billion, ahead of the $13.14 billion Wall Street had anticipated. The headline numbers were driven largely by strength in the Client Computing Group, which grew 5% to $8.54 billion, while a $5.70 billion CHIPS Act disbursement and a landmark $5.00 billion equity investment from NVIDIA underscored the strategic momentum building under CEO Lip-Bu Tan. GAAP results were further lifted by a $5.45 billion gain from the partial Altera divestiture, pushing net income to $4.06 billion. Shares surged on the results, reflecting investor optimism about the company's direction. Looking ahead, Intel guided Q4 revenue to a range of $12.80 billion to $13.80 billion, with CFO David Zinsner cautioning that demand is currently exceeding supply, a dynamic expected to persist well into 2026.

Key Takeaways

  • Fourth consecutive quarter of improved execution
  • CCG revenue up 5% YoY driven by client computing demand
  • GAAP gross margin improved to 38.2% from 15.0% YoY
  • Non-GAAP gross margin improved to 40.0% from 18.0% YoY
  • Current demand outpacing supply
  • Significant reduction in R&D and MG&A expenses (down 20% YoY on GAAP basis)
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INTC YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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INTC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Our Q3 results reflect improved execution and steady progress against our strategic priorities. AI is accelerating demand for compute and creating attractive opportunities across our portfolio, including our core x86 platforms, new efforts in purpose-built ASICs and accelerators, and foundry services. Intel's industry-leading CPUs and ecosystem, along with our unique U.S.-based leading-edge logic manufacturing and R&D, position us well to capitalize on these trends over time.”

— Lip-Bu Tan, Q3 2025 Earnings Press Release