Intel's revenue rose in the third quarter

Intel announced its balance sheet for the July-September period.

Accordingly, the company's revenue increased by 3 percent year-over-year to $13.7 billion in the third quarter. The company reported revenue of $13.3 billion in the same period last year.

Intel's revenue during this period exceeded market expectations.

Intel, which reported a net loss of approximately $16.6 billion in the third quarter of last year, reported a net profit of $4.1 billion in the same period this year.

The chipmaker's earnings per share were 90 cents in the same period. Intel reported a loss of $3.88 per share in the third quarter of last year.

Steps were taken to strengthen the balance sheet

Intel CEO Lip-Bu Tan stated that the third-quarter financial results reflect the company's improving performance and steady progress in line with its strategic priorities.

The company's Chief Financial Officer (CFO), David Zinsner, also said that they took meaningful steps to strengthen the balance sheet in the third quarter.

Pointing out that these include accelerated financing from the US government and investments from Nvidia and SoftBank Group, Zinsner emphasized that these investments increase Intel's operational flexibility.

"Our stronger-than-expected third-quarter results mark the fourth consecutive quarter of improvement and reflect the fundamental strength of our key markets. Current demand exceeds supply, and we expect this trend to continue through 2026," Zinsner said.

Intel's statement noted that it consulted with the Securities and Exchange Commission (SEC) regarding accounting for transactions with the U.S. government, but due to the federal government shutdown, consultations with SEC staff could not be finalized.

The statement cautioned that third-quarter financial results could be revised if the SEC staff has a different view on the appropriate accounting treatment.

Intel raised billions of dollars in funding in the third quarter

Intel, which made an agreement with the US administration in August, announced that the government would invest $8.9 billion in company shares.

Japan-based SoftBank Group also signed an agreement in August to invest $2 billion in Intel.

Last month, Nvidia announced a partnership with Intel to jointly develop specialized data center and personal computing products.