Intel guides third-quarter revenue to $15.8B–$16.8B as it shifts capacity
According to TradingView, Intel expects third-quarter revenue of $15.8B to $16.8B and is moving some wafer capacity from PC chips to servers.
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what happened
Intel forecasts third-quarter revenue between $15.8 billion and $16.8 billion, with adjusted earnings of $0.38 per share. In the second quarter the company posted a GAAP loss of $2.16 per share and adjusted earnings of $0.42 per share, TradingView reports.
The Fab 62 plant in Ocotillo, Arizona, is in the equipment installation phase, with operations targeted for late 2027 through 2028. The company has not disclosed the process node, either 18A or 14A, or the planned capacity. Output is tied to supply of Xeon chips.
Intel is redirecting some wafer output from PC processors to server chips to meet demand for AI computing. Susquehanna lowered its price target on the stock to $105 from $115. The US Federal Communications Commission also granted Intel a one-year waiver to keep using foreign-built robots in its American fabs. Intel shares rose 1.76% on Friday.
why it matters
The shift toward servers matters for markets: AI demand from large cloud operators could support Intel's revenue, but power and infrastructure constraints may slow capacity expansion. Robot restrictions could complicate software, firmware and hardware updates, and replacements may take years, according to the source.
market impact
Intel and chipmakers: moving capacity to servers and AI demand support the company's revenue outlook
tags
instruments
sources
- Key facts: Intel (INTC) Q3 guide; shifts capacity to servers; Fab 62 — TradingView, 24 October 2026 at 07:00 UTC
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