โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Non-GAAP EPS: $0.52 (Est. $0.40) โ , +126% YoY.
โข Revenue: $16.51B (Est. $16.51B) ๐ฐ, +21% YoY.
โข GAAP EPS: $0.60 (vs. $0.90 YoY).
โข Non-GAAP Gross Margin: 44.1%, +410 bps YoY.
โข GAAP Operating Margin: 15.3%, +1,030 bps YoY.
โข Non-GAAP Operating Margin: 19.6%, +840 bps YoY.
โข Operating Cash Flow: $5.1B.
โข Non-GAAP Net Income: $2.8B, +169% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q4 Revenue: $15.0Bโ$16.0B, midpoint $15.5B (Est. $17.08B) โ.
โข Q4 Non-GAAP EPS: $0.25 (Est. $0.44) โ.
โข Q4 GAAP EPS: $0.10.
โข Q4 Non-GAAP Gross Margin: 38.0%.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 adjusted EPS beat consensus by 30%, while revenue was in line.
โข Data Center & AI revenue surged 78% to $7.3B, its strongest growth in 15 years.
โข Data Center & AI operating income reached $3.04B, up from $964M YoY.
โข Client Computing revenue declined 5% to $8.1B amid PC market weakness.
โข Intel Foundry revenue increased 58% to $6.7B, while operating losses narrowed to $1.85B.
โข Q4 revenue guidance midpoint stands ~9.3% below consensus, with EPS ~43% lower.
โข Management expects the PC slowdown to continue through at least H1 2027.
โข Completed a $23B public equity offering to strengthen its balance sheet.
โข Released Intel 14A 0.9 PDK and expanded collaboration with ASML on High-NA EUV.
โข Strong Xeon demand continues to exceed available supply, prompting efforts to expand capacity.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur immediate priority is to unlock additional supply to meet extraordinary demand for our Xeon family, while strengthening our product portfolio and roadmap.โ
