Reports Q3 revenue $13.7B, consensus $13.14B. “Our Q3 results reflect improved execution and steady progress against our strategic priorities,” said Lip-Bu Tan, Intel (INTC) CEO. “AI is accelerating demand for compute and creating attractive opportunities across our portfolio, including our core x86 platforms, new efforts in purpose-built ASICs and accelerators, and foundry services. Intel’s industry-leading CPUs and ecosystem, along with our unique U.S.-based leading-edge logic manufacturing and R&D, position us well to capitalize on these trends over time.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- AMD or INTC: Top Analyst Kevin Cassidy Chooses One AI Chip Stock to Buy (and One to Dump)
- “Expanding What’s Possible on AI PCs”: Intel Stock (NASDAQ:INTC) Plunges
- Notable companies reporting after market close
- Here’s what Wall Street is saying about Intel ahead of earnings
- Intel options imply 7.9% move in share price post-earnings