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Intel Q3 earnings report
(Justin Sullivan/Getty Images)

Intel beats on Q3 earnings, revenue

Here’s what the numbers look like.

Matt Phillips

Intel, the struggling American computer chip giant that was partially nationalized by the US government in August, reported Q3 sales and profit numbers after the close of trading on Wednesday.

  • Intel Q3 revenue came in at $13.7 billion vs. the $13.17 billion FactSet consensus expectation.

  • Adjusted earnings per share were $0.23 vs. the $0.02 consensus estimate from FactSet.

  • Intel gave Q4 2025 sales guidance of between $12.8 billion and $13.8 billion ($13.3 midpoint) vs. a consensus expectation of $13.42 billion.

Shares jumped after-hours, rising 5.9% in trading after the numbers were released — and have since built on those gains. In early trading on Friday, shares were up over 8% as of 6am ET.

The earnings report could add to market momentum since the US took a 10% stake in the company in August. That announcement was soon followed by an unusual announcement from chip giant Nvidia that it would invest $5 billion in Intel and partner with the company.

“We took meaningful steps this quarter to strengthen our balance sheet, including accelerated funding from the U.S. government, and investments by Nvidia and SoftBank Group that increase our operational flexibility and demonstrate the critical role we play in the ecosystem,” David Zinsner, Intel’s CFO, said in a prepared statement.

The stock, which had been largely flat for the year through the end of July, was up roughly 90% between July 31 and the end of trading on Thursday, in part, some argue, because of the market impact of the US government and Nvidia taking stakes in the company rather than rosy prospects for the company.

“The real bull case for now seems to be ‘Trump wants the stock to go up’ which we are hesitant to argue with despite our view that fundamentals would support a more negative view,” wrote Stacy A. Rasgon, who covers Intel for Bernstein Research. Rasgon rates Intel as “market perform” — essentially “hold” — with a price target of $21, which is about 45% below the market price on Thursday.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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