Intel Reports Q3 Non-GAAP EPS of $0.52 and Revenue of $16.51B, Exceeding Estimates
Intel (INTC) reported third-quarter financial results that surpassed analyst expectations on both the top and bottom lines. The company posted a non-GAAP earnings per share (EPS) of $0.52, beating estimates by $0.12, while revenue reached $16.51 billion, representing a 20.5% increase year-over-year and exceeding projections by $20 million. Management attributed the results to improved execution, progress in supply expansion, and advancements in process technology. Despite facing near-term challenges, the company's ability to beat consensus estimates suggests momentum in its operational turnaround and manufacturing capabilities.
Tickers: $INTC