Intel Corporation reported third-quarter 2026 financial results, highlighting improved execution and robust demand for its CPUs despite PC industry headwinds. CEO Lip-Bu Tan emphasized unlocking supply for Xeon processors and advancing process technology. CFO David Zinsner noted revenue, gross margin, and earnings per share exceeded guidance, with data center revenue growth reaching its strongest level in 15 years.
The company completed a $23 billion public equity offering and announced plans to acquire Classiq to build a full-stack quantum computing platform. Intel also revealed a multiyear collaboration with Oracle to expand Xeon-based computing on Oracle Cloud Infrastructure, including future X14 offerings powered by Diamond Rapids processors. New technical details were shared on the Intel GPU D-series (Crescent Island), and day-0 support was demonstrated for Meta's Muse Spark Open on upcoming Intel hardware.
At Hot Chips 2026, Intel showcased architectures for Agentic AI and Enterprise workloads, including Diamond Rapids, GPU D-series, and Core Series 3. The company announced the first Googlebook devices with Intel Core Ultra Series 3 from Acer, ASUS, and Lenovo, and collaborated with AMD on PyTorch optimizations. A partnership with SAP was announced to bridge IT and operational technology through Physical AI.
In foundry momentum, Intel released the 14A 0.9 PDK, partnered with Lens Technology for advanced packaging, completed the RAMP-C program for Secure Enclave, and collaborated with ASML, Lam Research, and Applied Materials to advance High-NA EUV and manufacturing capacity. Dean Jarnac was appointed executive vice president and chief sales officer.
Source: TechPowerUp News · Summarized by HeadlinesBriefing