From Startup Fortune · · 1m 20s
Intel posts first GAAP profit in years
Intel beats Wall Street on revenue, earnings and margin after first GAAP profit in years.
In brief
Intel beats Wall Street on revenue, earnings and margin after first GAAP profit in years. Intel reported a third-quarter profit of $52 million per share, revenue of $16.51 billion, and a 44.1% gross margin, marking its first GAAP profit in years while its foundry unit remains unprofitable. Originally reported by…
Intel reports Q3 profit
Intel reported third-quarter revenue of $16.51 billion, non-GAAP earnings of 52 cents per share, and a 44.1% gross margin.
Stock jumps 15% after hours
The stock rose more than 15% in after-hours trading following the earnings report.
Intel's stock performance
Shares started 2026 near $37 and reached a 52-week high of $142, a gain of over 150%.
CEO Lip-Bu Tan's comments
CEO Lip-Bu Tan said the results show improved execution and steady progress against strategic priorities.
Intel Foundry revenue
Intel Foundry generated $6.7 billion in the quarter, up 58% year over year, beating Wall Street expectations.
18A process yield issues
Intel's flagship 18A manufacturing process yields remain below industry standard and won't meet acceptable levels until 2027.
Intel Foundry's first customer
Fortinet became Intel Foundry's first publicly disclosed external customer for its security chip.
Intel's foundry challenges
Intel has stopped marketing 18A to outside customers and is focusing on 14A for mass production in late 2028.
The one thing
Intel reported a third-quarter profit of $52 million per share, revenue of $16.51 billion, and a 44.1% gross margin, marking its first GAAP profit in years while its foundry unit remains unprofitable.
