Intel Earnings Soar, Defying Expectations Amid AI Boom

On October 23, 2025, Intel (INTC) reported strong third-quarter earnings, with revenue and adjusted earnings per share (EPS) exceeding Wall Street's expectations. The chipmaker posted $13.7 billion in revenue, higher than the $13.15 billion projected by analysts, and adjusted EPS of $0.23, above the $0.01 expected.

Intel's CEO, Lip-Bu Tan, attributed the company's performance to the growing demand for AI, stating that "AI is accelerating demand for compute and creating attractive opportunities across our portfolio." This includes Intel's closely-watched manufacturing business, which has been a source of concern for investors.

While Intel's fourth-quarter guidance fell short of analysts' estimates, the company's overall results suggest its turnaround efforts under Tan's leadership are gaining momentum. The chipmaker's manufacturing arm, Intel Foundry Services, reported an operating loss of $2.3 billion for the third quarter, an improvement from the $5.8 billion loss in the previous year.

The strong earnings report comes amid a series of high-profile investments in Intel, including a 9.9% stake taken by the US government and a $5 billion investment from Nvidia (NVDA). These investments have bolstered Intel's balance sheet and investor confidence in the company's ability to navigate the challenges it has faced in recent years.