Intel (Nasdaq: INTC) impresses with Q3 earnings, beating expectations with adjusted EPS of $.23 and $13.7 billion in revenue. Client Computing and Data Center/AI groups shine. CFO notes strong demand surpassing supply through 2026. Despite weak next quarter guidance, Intel shares rise 7.7%. Foundry unit misses estimates.

Financial highlights include Adj. EPS: $0.23 up 150%, revenue: $13.7B up 3%, Adj. Gross Margin: 40.0% up 220 bps, Net Income: $4.1B up 124%. Client Computing Group revenue up 5%, Data Center/AI down 1%, Intel Foundry revenue down 2%, all other revenue up 3%.

Intel CEO Lip-Bu Tan highlights improved execution and progress against strategic priorities, citing AI demand for compute and opportunities in x86 platforms, ASICs, accelerators, and foundry services. Positioning well with industry-leading CPUs, U.S.-based manufacturing, and R&D to capitalize on future trends.

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