Intel's Q3 Revenue Misses Forecasts Despite Earnings Beat

finanzen.net (German) —

Intel reported third-quarter 2026 earnings per share of $0.60, beating analyst expectations of $0.406, though revenue of $16.5 billion slightly missed forecasts. The stock fell 17.46% in after-hours trading. Intel's weak fourth-quarter guidance disappointed markets, projecting revenue between $15-16 billion versus analyst estimates of $17 billion. CFO David Zinsner cited slowing demand due to surging memory prices affecting PC purchases through early 2027. Net profit declined 18% year-over-year to $3.3 billion. Memory prices have risen sharply due to high demand for AI data center expansion.


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