# Intel Reports Higher Revenue as Datacenter Sales Rise and PC Sales Fall

The chipmaker posted $16.5 billion in quarterly revenue and forecast lower fourth-quarter sales than the latest quarter.

By Will Langan | 24X7 News
Published: 2026-10-29T21:06:20.339Z
Updated: 2026-10-29T21:06:20.339Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/intel-third-quarter-results-october-29-2026

Intel reported October 29 that third-quarter revenue increased 21% from a year earlier to $16.5 billion, with sharply different results across its main chip businesses.

Data Center and AI revenue rose 78% to $7.3 billion. Revenue in its Client Computing and Physical AI Group fell 5% to $8.1 billion.

GAAP net income attributable to Intel was $3.3 billion, down 18% from a year earlier. Diluted earnings fell to 60 cents per share from 90 cents. Adjusted earnings, which exclude specified items, increased to 52 cents from 23 cents.

The company generated $5.1 billion in operating cash flow. GAAP operating margin rose to 15.3%, compared with 5% a year earlier.

Intel forecast fourth-quarter revenue of $15 billion to $16 billion, with GAAP diluted earnings of 10 cents per share and adjusted earnings of 25 cents.

Chief Financial Officer David Zinsner said the company expects the PC slowdown to continue through at least the first half of next year. That assessment and the fourth-quarter figures represent management’s outlook, rather than completed results.

Sources:
Intel — October 29 Results via Business Wire: https://www.stocktitan.net/news/INTC/intel-reports-third-quarter-2026-financial-45kjlqvhkaar.html

## Sources
- Intel — October 29 Results via Business Wire: https://www.stocktitan.net/news/INTC/intel-reports-third-quarter-2026-financial-45kjlqvhkaar.html