Intel has unveiled its financial performance for the third quarter, revealing profits that have outstripped market projections. CEO Lip-Bu Tan has effectively bolstered the company's financial health through substantial cost reductions and the acquisition of external investments. This strategic move has fueled a 7% increase in Intel's stock price during after-hours trading. Notably, this marks Intel's inaugural financial report subsequent to securing investments from industry giants Nvidia, SoftBank, as well as the U.S. government.

CFO Dave Zinsner disclosed that funds from SoftBank were indeed received in the third quarter, yet no infusion came from Nvidia. He further highlighted that the robust demand for chips has precipitated supply chain constraints. During the third quarter, Intel achieved an adjusted gross margin of 40% and reported earnings per share of 23 cents, both surpassing analyst expectations. Looking ahead, the company anticipates a median revenue of $13.3 billion for the fourth quarter, a figure that aligns closely with analysts' forecasts. Moreover, Intel has outlined plans to escalate its capital expenditures to $27 billion in 2025, a significant uptick from the $17 billion earmarked for 2024.