Intel stock spikes as Q3 revenue lifts 3% to $21.1b

9:20am on 24 October 2025

The news: Intel shares rose after the computer hardware and semiconductor manufacturer delivered third-quarter revenue growth of 3% as AI boosts demand for computing power.

The numbers: At 9:13am AEDT, Intel shares had lifted 7.3% to USD38.16 ($58.56) in after hours trade, pushing it higher 88.7% in the year to date.

Revenue for the third quarter came in at to USD13.7 billion ($21.1 billion). Net income came in at USD4.1 billion, with earnings per share at 90 US cents each.

The client computing group posted 5% year-on-year growth to USD8.5 billion while the data center and AI group posted a revenue decline of 1% to USD4.1 billion.

The semiconductor manufacturing arm, Intel Foundry saw revenue decline 2% to USD4.2 billion.

The company had an operating margin of 5%, up from the 68.2% loss in the previous corresponding period.

Intel is forecasting Q4 revenue of between USD12.8 billion and USD13.8 billion and expects a loss per share of 14 US cents. This excludes the contributions of the Altera business following the sale of a majority ownership interest in the third quarter.

Intel also expects Q4 gross margin of 34.5%.

The context: Intel CEO Lip-Bu Tan said that the growth of AI is “accelerating demand for compute and creating attractive opportunities across our portfolio, including our core x86” computer chips.

During the period, Tan said the company took “meaningful steps to strengthen our balance sheet”. This included the receipt of USD5.7 billion from the US government, a USD5 billion equity investment from NVIDIA and a USD2 billion equity investment from SoftBank Group.

Intel also consolidated the Network and Edge Group into the client computing group as well as the data center and AI group.

What they said: “Intel’s industry-leading CPU’s and ecosystem, along with our unique US-based leading-edge logic manufacturing and R&D, position us well to capitalise on these trends over time,” Tan said.

The source: SEC filing