Summary: The Bottom is Firmly In
Intel (INTC) delivered a powerful Q3 2025 report that officially closes the door on the cyclical downturn. These results are not just a beat; they confirm the long-awaited market bottom and prove that the core PC and server businesses are returning to form.
Revenue was up 3% YoY to $13.7 billion, comfortably exceeding consensus. The growth was driven by a decisive double-digit resurgence in both the Client Computing (PC) and Data Center (Server) segments. The financial leverage was dramatic: Non-GAAP EPS of $0.23 crushed forecasts, and Gross Margin soared to 40.0%—a massive 22 percentage point (ppt) jump from the trough. This sharp profitability bounce is a testament to aggressive cost discipline and better factory utilization. Crucially, management stated that demand is now outpacing supply, a structural signal that provides clear visibility into 2026. The short-term turnaround is executing flawlessly, generating the crucial cash flow needed to fund the long-term, high-stakes Foundry vision.
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