Intel Q3 revenue skyrockets 21% to $16.5B as data center sales surge
Key points
- Intel (NASDAQ:INTC) reported third-quarter 2026 revenue of $16.5 billion, up 21% year over year, with GAAP gross margin improving to 43%.
- Data Center and AI (DCAI) revenue surged 78% to $7.3 billion, while Intel Foundry revenue rose 58% to $6.7 billion.
- Non-GAAP net income increased 169% to $2.8 billion, despite an 18% decline in GAAP net income to $3.3 billion.
Intel Corporation (NASDAQ:INTC) reported third-quarter 2026 revenue of $16.5 billion, up 21% year over year from $13.7 billion, as strong demand for data center and artificial intelligence products supported growth.
GAAP gross margin increased to 43% from 38.2% a year earlier, while non-GAAP gross margin rose to 44.1% from 40%.
GAAP net income declined 18% to $3.3 billion, equivalent to diluted earnings per share of $0.60.
However, non-GAAP net income increased 169% to $2.8 billion, with adjusted diluted EPS of $0.52.
Intel Products revenue increased 22% to $15.4 billion.
Within the segment, Data Center and AI revenue surged 78% to $7.3 billion, marking the strongest data center growth in 15 years, according to the company.
Client Computing & Physical AI Group revenue fell 5% to $8.1 billion.
Intel Foundry revenue increased 58% year over year to $6.7 billion.
Overall, GAAP operating margin reached 15.3%, while non-GAAP operating margin was 19.6%.
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