Intel | 10-Q: FY2026 Q3 Revenue: USD 16.51 B

Revenue: As of FY2026 Q3, the actual value is USD 16.51 B, compared to the market estimate of USD 16.51 B.

EPS: As of FY2026 Q3, the actual value is USD 0.6, compared to the market estimate of USD 0.2858.

EBIT: As of FY2026 Q3, the actual value is USD 2.385 B.

Client Computing and Physical AI Group (CCPG)

• Revenue: Q3 2026 revenue was $8.1 billion, a decrease of $438 million from Q3 2025. YTD 2026 revenue was $24.7 billion, an increase of $666 million from YTD 2025.
• Operating Income: Q3 2026 operating income was $2.3 billion, down $409 million YoY due to higher inventory-related charges. YTD 2026 operating income was $7.1 billion, up $36 million YoY.
• Operational Metrics: Client revenue in Q3 2026 decreased by $424 million driven by a 14% volume decline, partially offset by a 9% ASP increase. YTD client revenue increased by $763 million driven by a 17% ASP increase despite a 12% volume decrease.

Data Center and AI (DCAI)

• Revenue: Q3 2026 revenue was $7.3 billion, an increase of $3.2 billion from Q3 2025. YTD 2026 revenue was $18.6 billion, an increase of $6.5 billion from YTD 2025.
• Operating Income: Q3 2026 operating income was $3.0 billion, up $2.1 billion YoY. YTD 2026 operating income was $7.1 billion, up $4.9 billion YoY.
• Operational Metrics: Server revenue increased $2.5 billion in Q3 2026 due to a 54% ASP increase and 10% volume growth. YTD server revenue increased $5.2 billion due to a 44% ASP increase and 4% volume growth.

Intel Foundry

• Revenue: Q3 2026 revenue was $6.7 billion, up $2.5 billion YoY. External revenue was $411 million in Q3 2026 ($878 million YTD). Intersegment revenue was $6.3 billion in Q3 2026.
• Operating Loss: Q3 2026 operating loss was -$1.9 billion, improved from -$2.3 billion in Q3 2025. YTD 2026 operating loss was -$6.4 billion, improved from -$7.8 billion in YTD 2025.
• Operational Metrics: The improvement in losses was driven by lower period charges associated with Intel 3 and Intel 4 nodes and the sell-through of inventory reserves during the Intel 18A ramp.

All Other

• Revenue: Q3 2026 revenue was $692 million, down $301 million YoY primarily due to Altera deconsolidation. Mobileye revenue was $493 million in Q3 2026.
• Operating Income: Q3 2026 operating income was $179 million, up $79 million YoY. YTD 2026 operating income was $511 million, up $239 million YoY.

Consolidated Cash Flow & Liquidity

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 26, 2026, was $13.2 billion, compared to $5.4 billion in the prior year period.
• Capital Expenditures: Additions to property, plant, and equipment were $10.2 billion for the nine months ended September 26, 2026.
• Liquidity: Total cash and short-term investments stood at $54.0 billion as of September 26, 2026.

Future Outlook and Strategy

• Core Business Focus: Intel expects strong demand for data center products to continue into Q4 2026 and beyond, while client market trends are expected to worsen in Q4 2026 and persist into 2027 due to component price impacts and constrained IT budgets. The company is focused on completing development of Intel 14A and accelerating manufacturing expansion projects based on committed demand.
• Non-Core Business: The company plans to complete the remainder of its 2025 Restructuring Plan by Q4 2026 to streamline operations and reduce expenses. Additionally, Intel entered into a definitive agreement to acquire Classiq Technologies Ltd. for approximately $1.9 billion, expected to close in the first half of 2027.