# Intel posts first GAAP profit in years

> Intel beats Wall Street on revenue, earnings and margin after first GAAP profit in years.
- Title: Intel posts first GAAP profit in years · Startup Fortune
- Summary: 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…
- Keywords: intel, gaap profit, third quarter 2026, lip-bu tan, intel foundry, 18a process, 14a process, non-gaap earnings, revenue, gross margin, startups, business
- Source: Startup Fortune — https://startupfortune.com/intel-posts-its-first-gaap-profit-in-years-and-beats-on-every-line
- Published: 2026-10-29T20:48:32+00:00
- Read time: 1 min
- Topics: intel, gaap profit, third quarter 2026, lip-bu tan, intel foundry, 18a process, 14a process, non-gaap earnings, revenue, gross margin, startups, business
## 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.
## Key takeaway

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.