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Intel (INTC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Intel (INTC) reported revenue of $13.7B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +6% from the quarter before. Operating margin was 5.0%, net earnings $4.1B (29.8% of revenue).
Intel, Q3 2025: revenue $13.7B (+3% year over year), operating margin 5.0%, net earnings $4.1B, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.7B | +6% | +3% |
| Gross profit | $5.2B | +47% | +161% |
| Operating profit | $683M | — | — |
| Net earnings | $4.1B | — | — |
| Operating cash flow | $2.5B | +24% | -37% |
| Free cash flow | $121M | — | — |
What changed
Revenue was $13.7B in Q3 2025, up 3% year over year and up 6% from the previous quarter.
Gross margin was 38.2%, up 23.2 points from a year earlier. Operating profit was $0.68B, a 5.0% margin (up 73.2 points year over year). Operating expenses fell 59% while revenue rose 3%. Net earnings were $4.1B. The effective tax rate was 6.6%. Non-operating items added $3.9B, 85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.5B (down 37% year over year), 60% of net income including minority interests. Non-cash charges added back $3.0B of depreciation and amortization and $0.55B of share-based compensation. Working capital and other items used $5.3B. Capital expenditures of $2.4B left free cash flow of $0.12B.
Questions
What was Intel's revenue in the third quarter 2025?
Intel (INTC) reported revenue of $13.7B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +6% from the quarter before.
Was Intel profitable in the third quarter 2025?
Operating profit was $683M (5.0% of revenue) and net earnings $4.1B.
Source: Intel 10-Q on SEC EDGAR.