Intel Corp. (INTC) Wednesday reported a profit for the fourth quarter that trumped Wall Street estimates, as revenues grew 3% driven by Data Center Group' record revenues.
Santa Clara, California-based Intel reported fourth-quarter profit of $4.62 billion or $1.13 per share, down from $5.86 billion or $1.42 per share last year.
Adjusted earnings for the quarter were $1.09 per share, down from $1.48 per share last year. On average, 34 analysts polled by Thomson Reuters estimated earnings of $0.90 per share for the quarter.
Intel's revenues for the quarter rose 3% to $20.53 billion from last year's revenue of $19.98 billion. Adjusted revenues for the quarter were $19.5 billion, compared to $18.9 billion a year ago. Analysts had a consensus revenue estimate of $18.32 billion for the quarter.
The company said its fourth-quarter revenue was led by an all-time record quarter for Data Center Group (DCG), with strong server recovery in enterprise and government.
Looking forward to the first quarter, Intel expects adjusted revenues of about $18.3 billion and adjusted earnings of around $0.80 per share. Analysts currently estimate earnings of $0.86 per share and revenues of $17.62 billion.
INTC closed Tuesday's trading at $51.69, up $0.69 or 1.35%, on the Nasdaq. The stock, however, slipped $1.48 or 2.86%, in the after-hours trade.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.