(Boursier.com) — Intel jumped nearly 8% before market on Wall Street, the American microprocessor giant having largely exceeded market expectations for its third quarter. Over the closed quarter, the Californian group posted a turnover down 8% to $14.2 billion, however significantly higher than the consensus which was $13.5 billion. Revenue for the division including PC activities declined 3% to $7.9 billion, compared to a consensus of $7.4 billion. Gross margin came in at 45.8%, compared to 42.7% consensus and around 30% earlier this year. Adjusted earnings per share were 41 cents, almost double the consensus! The group forecasts fourth-quarter sales above expectations, giving hope for a rebound in orders after a long period of scarcity in the PC segment.
The Santa Clara group, eclipsed on the stock market in recent months by the stars of AI and in particular Nvidia, therefore seems to finally win back operators. Intel expects fourth-quarter revenue of $14.6 billion to $15.6 billion, compared to a consensus of $14.4 billion. Over the same period, adjusted earnings per share are expected at around 44 cents versus 31 cents consensus. The expected improvement in the PC market and the group’s more competitive product range could therefore finally make the difference. “While we are encouraged by our progress to this point, we know we still have much work ahead of us,” said general manager Pat Gelsinger.
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