Intel's Stock Prices Rise with Third Quarter Results

Intel Corporation Surges After Beating Third Quarter Earnings

Intel Corporation saw a strong jump in its stock prices on Thursday after surpassing third quarter revenue estimates. The company reported an adjusted earnings of 23 cents per share and total sales of $13.7 billion. With earnings exceeding expectations, it surpassed the forecasted profit of just 1 cent per share.

Net income was recorded at $4.1 billion this year, following a $16.6 billion loss in the same period last year. This marks the first earnings announcement after the leading chip manufacturer's substantial investments from big players like Nvidia and Softbank, along with significant government support from the U.S.

The radical cost-cutting measures implemented by the company's CEO Lip-Bu Tan seem to have played a significant role in this turnaround. In addition to shortening costly production processes, Intel plans to close the year with a workforce that is one-fifth smaller compared to last year.

Intel stock prices fell nearly 60% last year, primarily due to concerns over competition with AMD and failed attempts to enter the artificial intelligence chip market. However, by 2025, Intel shares have now seen approximately a 90% increase, surpassing Nvidia.

The company anticipates that its revenue for the latest quarter will be between $12.8 billion and $13.8 billion. Intel's Chief Financial Officer Dave Zinsner stated that the demand for Intel chips was so strong in the third quarter that the company's supply situation has tightened.

However, for the high-efficiency 18A chips, he noted that the yields determining the amount of available chips are not expected to reach industry standards until 2027. Reuters reported in August that Intel was experiencing yield issues related to its 18A production technology.