Strong Financial Performance
Fourth consecutive quarter of revenue above guidance, with Q3 revenue reaching $13.7 billion, a 6% sequential increase. Earnings per share were $0.23, beating the guidance of breakeven EPS.
Improved Cash Position
Intel significantly improved its cash position, ending Q3 with $30.9 billion in cash and short-term investments. This includes $5.7 billion from the U.S. government, $2 billion from SoftBank Group, and $4.3 billion from the Altera closure.
AI and Foundry Progress
Strong momentum in AI with collaborations with NVIDIA and SoftBank. Intel 18A yields are progressing, and Fab 52 in Arizona is now fully operational.
PC and Server Growth
PC AI revenue was $4.1 billion, up 5% sequentially, driven by improved product mix and higher enterprise demand. Strong demand for Granite Rapids in servers.