Intel Q3: Data Center and AI Revenue Jumps 78% to $7.3B, But Q4 Guide Sends Stock Down 17%+ After Hours

Intel posted Q3 revenue of $16.5B, up 21% YoY, with the Data Center and AI segment surging 78% to $7.3B — what management called the strongest DC growth in 15 years, driven by Xeon demand for agentic AI workloads and a new multiyear Oracle deal. But Q4 guidance of $15-16B landed well below Street expectations near $17.1B, citing persistent PC softness through mid-2027 and a $600M revenue hit from an Israeli facility explosion. INTC fell 16-22% after hours.