Intel Inside the Foundry Race — Will 18A & 14A Nodes Change Everything?

Intel Corporation presented a mixed financial and strategic outlook following its third-quarter performance. A notable outcome is the fourth consecutive quarter of results surpassing revenue guidance, reaching $13.7 billion, up 6% sequentially, with a non-GAAP gross margin of 40%, higher than expected by four percentage points. This performance is attributed to robust demand and effective cost management, though tempered by capacity constraints, particularly on Intel 10 and Intel 7 processes. However, Intel’s projected Q4 revenue range between $12.8 billion and $13.8 billion suggests flat sequential performance, highlighting ongoing challenges affecting supply.