Intel Corporation · NASDAQ:INTC
Intel — Q3 2026 Earnings Presentation
16 slides from Intel's earnings presentation, Oct 29, 2026
Slide 1: Q3 Earnings
Q3 Earnings October 29th, 2026
Slide 2: 3rd Quarter Earnings Presentation
3rd Quarter Earnings Presentation Lip-Bu Tan David Zinsner Chief Executive Officer Chief Financial Officer
Slide 3: Non-GAAP Financial Measures and Forward-Looking Statements
Non-GAAP Financial Measures and Forward-Looking Statements • This presentation contains non-GAAP financial measures. Intel gross margin percentage, operating income, earnings per share attributable to Intel and adjusted free cash flow, including year-over-year comparisons, are presented on a non-GAA
Slide 4: Executive Summary
Executive Summary Agentic AI Driving Sustainable Server CPU Demand Record Q3 DCAI Growth, Improving Roadmap, Investing to Secure Supply PC Market Challenged by Memory Shortages Positive Long-Term, Agentic Systems, Edge and Physical AI, Positioned to Gain Share Intel Foundry Execution Improving Intel
Slide 5: Q3 Financial Highlights
Q3 Financial Highlights $16.5B 44.1% $0.52 Revenue Gross Margin 2 EPS 2 Up 20.9% YoY Up 4.1 ppts YoY 2 Up $0.29 YoY 2 $0.2B above July outlook 1 2.1 ppts above July outlook 1 $0.14 above July outlook 1 1 Comparisons are based on the mid-point of revenue outlook 2 Non-GAAP results shown; GAAP gross m
Slide 6: Server CPU foundational to AI infrastructure
($B) Server CPU foundational to AI $16.5 infrastructure $16.1 $13.7 $13.7 $13.6 Disciplined execution enabled server output to exceed 44.1% 40.0% 41.0% 41.8% expectations 37.9% Investing aggressively and prudently to capture growth $2.8 $3.2 $1.5 $1.2 $1.7 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Revenue GM% (
Slide 7: DCAI
DCAI ($B) Strong demand across hyperscale, enterprise and $7.3 neo clouds $6.3 41.5% Purpose Built Silicon revenue $5.1 $4.7 39.5% more than doubled YoY $4.1 30.5% 23.4% 26.4% Agentic workloads driving increased customer interest $3.0 across product roadmap $2.5 $1.3 $1.5 $1.0 Q3’25 Q4’25 Q1’26 Q2’2
Slide 8: CCPG
CCPG ($B) Industry-wide memory shortages impacting TAM $8.9 $8.5 $8.2 $7.7 $8.1 Strong demand for Wildcat Lake built on 18A 31.6% 32.6% Continued growth in AI PC 27.0% 28.2% 26.4% YoY $2.7 $2.5 $2.3 $2.3 $2.2 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Segment Revenue Segment Op Income/(Loss) Segment OM%
Slide 9: Foundry
foundry ($B) Improved yield and cycle $6.7 times reducing wafer costs $5.8 $5.4 $4.2 $4.5 Intel 14A progressing, 0.9 PDK released as committed Accelerating expansion across all sites including Ohio -$1.9 -$2.1 -$2.3 -$2.5 -$2.4 -27.7% -36.2% -45.0% -54.8% -55.7% Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Segment
Slide 10: Outlook
Outlook intel.
Slide 11: Q4 2026 Outlook
Q4 2026 Outlook $15.0-16.0B 38.0% $0.25 Revenue Gross Margin 1 EPS 1 Up $1.8B YoY 2 Up 0.1 ppt YoY 2 Up $0.10 YoY 2 1. Non-GAAP Gross Margin and non-GAAP EPS guidance provided; reconciliations in Appendix 2. Revenue growth comparison, non-GAAP gross margin outlook and non-GAAP EPS attributable to In
Slide 12: Pe ee eG be
Pe ee eG be intel.
Slide 13: Appendix
Appendix
Slide 14: Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals
Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 (In Billions, Except Percentages and Per Share Amounts) GAAP gross margin percentage 38.2% 36.1% 39.4% 40.4% 43.0% Acquisition-related adjustments 0.7% 0.7% 0.7% 0.6% 0.3% Share-based compensatio
Slide 15: Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook
Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook Q4 2026 Outlook1 Q4 2025 Actuals Approximately GAAP gross margin percentage 37.1% 36.1% Acquisition-related adjustments 0.2% 0.7% Share-based compensation 0.7% 1.0% Non-GAAP gross margin percentage 38.0% 37.9% GAAP earnings (loss) per
Slide 16: Reconciliation of Non-GAAP Adjusted Free Cash Flow
Reconciliation of Non-GAAP Adjusted Free Cash Flow (In Billions) Q3 2026 GAAP net cash provided by (used for) operating activities $5.1 Additions to property, plant, and equipment (gross capital expenditures) (4.2) Proceeds from capital-related government incentives -- Partner contributions, net 0.8