Intel's revenue rose 20.9% to $16.51 billion in the quarter to Sep 26, 2026; net income for shareholders fell 18.3%

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Intel's revenue, what the company took in from selling, was $16.51 billion in the quarter that ended Sep 26, 2026, up 20.9% from $13.65 billion a year earlier, according to its Form 10-Q, the quarterly report filed with the SEC on Oct 30, 2026. Operating income, what is left after the costs of running the business, rose to $2.52 billion from $683 million. Net income attributable to Intel's shareholders, what is left after interest, tax and everything else, fell 18.3% to $3.32 billion from $4.06 billion, and diluted earnings per share fell to $0.60 from $0.90.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11

Intel reports by segment, a part of the company it reports on its own: Intel Products, which consists substantially of designing and selling CPUs and related chips for third-party customers and has two operating segments, CCPG and DCAI; Intel Foundry; and All Other, which includes non-reportable segments such as Mobileye (Other Operating Segment in the table). Segment results include business between Intel's own segments, so the rows do not split the $16.51 billion.12^,13^,14^,15^,1

The Data Center and Artificial Intelligence segment, DCAI, had revenue of $7.32 billion, up 77.8% from $4.12 billion, taking its share of the filing's total revenue to 44.3% from 30.2%. Intel describes it as delivering workload-optimized solutions for data centers, including CPUs, AI accelerators and purpose-built silicon. The filing says the growth was driven by higher server revenue, up $2.5 billion because average selling prices (ASPs) rose 54%, mostly from a higher mix of premium products and, to a lesser extent, demand-based pricing actions, while server volume rose 10% on higher hyperscaler demand.16^,17^,18^,19^,20^,21^,22^,23

CCPG, the Client Computing and Physical AI Group and the larger of Intel Products' two operating segments, had revenue of $8.1 billion, down 5.1% from $8.54 billion. Intel describes it as delivering platforms and processors that power PCs and edge devices. Within it, the filing ties the fall in client revenue (notebooks and desktops) to a 14% drop in volume on lower demand and a competitive market, partly offset by a 9% rise in ASPs, primarily from pricing actions, as well as a higher mix of premium products.24^,25^,26^,16^,13^,27^,28

Intel Foundry's revenue was $6.7 billion, up 58.1% from $4.24 billion, and that includes sales to Intel's other segments. The filing puts that intersegment revenue at $6.3 billion, up $2.1 billion on higher wafer volumes and higher back-end services revenue, and external revenue at $411 million, up $379 million, primarily from revenue recognized under a non-recurring foundry contract. Intel describes the segment as developing new leading-edge process technologies and providing manufacturing capacity; at present, it says, substantially all of it supports internal manufacturing for Intel Products.29^,30^,31^,32^,33^,34^,35

Measured as margins, the part of revenue left as profit, about 15 cents of each dollar of revenue was left as operating income, against about 5 cents a year earlier, and about 20 cents as net income for shareholders, against about 30 cents. Gross profit, revenue less the cost of sales, increased $1.9 billion, or 36%, which the filing attributes to $1.6 billion of higher product profit, primarily from higher revenue.36^,37^,38^,39^,40

Below operating income, Intel recorded a $330 million gain on equity investments, net, $1.13 billion of interest and other, net, and a tax provision of $462 million. Of the resulting $3.52 billion of net income, $200 million belongs to minority owners of Intel's majority-owned subsidiaries (non-controlling interests). The interest and other, net line included a $1.0 billion net gain from the fair-value change of Intel's liability for Escrowed Shares, shares of its stock held in escrow for the benefit of the U.S. government; the filing says the gain was driven by a decrease in Intel's stock price during the quarter. A year earlier the same line held a $1.7 billion net loss on that liability and a $5.5 billion pre-tax gain on the sale of 51% of Altera, a business offering programmable semiconductors.41^,42^,43^,44^,45^,46^,47^,48^,49^,50^,51

Looking ahead, the Oct 30, 2026 filing says Intel expects strong demand for data center products to continue into the fourth quarter and beyond, and expects the trends that weighed on client-market demand, which it ties to higher component prices, particularly memory, constrained IT budgets and tighter inventory management, to worsen that quarter and persist in 2027. It also reports that an accident in mid-October 2026 at its Kiryat Gat, Israel, plant caused employee casualties and injuries and halted manufacturing, and that operations are expected to resume by the end of October 2026. Intel expects charges in the fourth quarter and an adverse effect on manufacturing costs, gross profit and operating results through the first half of 2027, but says it cannot yet reasonably estimate the financial impact.4^,52^,53^,54^,55^,56^,57

Our records hold the text of the filing's management discussion and notes to the financial statements, not its other exhibits, and this article does not cover Intel's sales by region.58