Intel Shares Surge Nearly 7 Percent After Earnings Beat Forecasts

Intel Corporation reported third-quarter revenue of $14.9 billion, surpassing Wall Street expectations of $14.4 billion, marking 9 percent annual growth. Net income improved on stronger data-center and AI-chip demand, with server-division revenue climbing 11 percent. The stock jumped 6.9 percent in post-market trade as investors welcomed execution progress in turnaround efforts. Management highlighted efficiency gains and momentum from foundry partnerships. Analysts said results signaled early success in Intel’s capacity-expansion plan but cautioned that pricing pressure and competitive intensity in advanced node chips remain critical watchpoints.