Intel's third-quarter profit declined, while revenues showed an increase
US-based chip manufacturer Intel announced that its net profit for the third quarter of 2026 fell by 18 percent year-on-year to $3.3 billion, while its revenue increased by 21 percent to reach $16.5 billion.
Intel has shared its financial results for the third quarter of 2026. While the company's net profit declined from $4.1 billion in the same period last year to $3.3 billion, its total revenue rose from $13.7 billion to $16.5 billion.
According to the financial data, Intel's earnings per share dropped from 90 cents in the third quarter of last year to 60 cents in the same period this year. The company's profit and revenue figures managed to exceed market expectations.
Sharing its expectations for the upcoming period, Intel announced that it projects revenue between $15 billion and $16 billion and earnings of 10 cents per share for the fourth quarter. However, these estimates remained below market expectations.
Company management drew attention to the effects of the slowdown in the personal computer sector. CEO Lip-Bu Tan stated that chip demand remains strong despite short-term challenges in the sector, while CFO David Zinsner expressed that the slowdown in the computer market could continue until the first half of next year.
Sources
- bloomberght.com · Link