INTC Earnings: Intel Stock Jumps 6% on Strong Q3 Earnings Beat
Intel's Q3 earnings report showed a 3% year-over-year increase in earnings per share to $0.23, significantly exceeding analysts' expectations. Sales also rose 3% to $13.7 billion, surpassing forecasts. The gross margin improved to 40.0%. For Q4, Intel anticipates revenue between $12.8 billion and $13.8 billion, with adjusted EPS of $0.08. Despite a consensus Hold rating for INTC stock, analysts may revise price targets following this report.
Earnings per share climbed 3% year-over-year to $0.23, and surpassed the analysts' consensus estimate of $0.02 per share by a wide margin. Further, sales increased by 3% year-over-year to $13.7 billion. Also, the reported figure came in above the analysts' expectations of $13.16 billion.
Importantly, Intel's gross margin reached 40.0%, reflecting improved cost control and product mix.
Outlook
For Q4, Intel expects revenue between $12.8 billion and $13.8 billion, with adjusted EPS of $0.08.
CFO David Zinsner noted that demand is currently outpacing supply, a trend expected to continue into 2026, especially in AI and compute-heavy segments.
Is INTC Stock a Buy?
Intel stock has a consensus Hold rating based on two Buy, 26 Hold, and six Sell recommendations assigned in the past three months. The average INTC price target of $29.13 implies 22.98% downside from current levels.
It must be noted that analysts may update their price targets for INTC stock after this earnings report.
