Intel management commentary cites AI-driven server demand as driver of Q3 2026 revenue beat
Bitget2026/10/29 22:15- Intel management commentary attributed third-quarter 2026 revenue of $16.5 billion to strong server demand, partly offset by weaker PC sales.
- Data center and AI revenue rose nearly 80% year over year to $7.3 billion as increased supply supported higher shipments.
- Client revenue fell 9% sequentially to $8.1 billion as memory shortages and limited IT budgets weakened PC demand.
- Non-GAAP gross margin reached 44.1%, reflecting lower manufacturing costs and a more favorable product mix.
- Non-GAAP earnings reached $0.52 per share, exceeding $0.38 guidance, driven by higher revenue, stronger gross margin and disciplined spending.
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