Intel beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.

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Intel shares surged as much as 7.8% in early trading on Friday, hitting an 18-month high, as investors rallied behind CEO Lip-Bu Tan's aggressive cost-cutting measures that helped the chipmaker surpass quarterly profit estimates and regain stability amid a flurry of high-stakes bets on future growth.

Intel reported its strongest quarterly profits in three years Thursday and said the market for its semiconductors is growing, boosting investors’ enthusiasm for the beleaguered chipmaker. “Current demand is outpacing supply, a trend we expect will persist into 2026,” said Chief Financial Officer David Zinsner.

Work on Intel's $28B microchip fab plants in New Albany has slowed. The project, which began in 2022 and was to finish this year, is pushed back to 2031.

Intel faces chip shortages as we slide into 2026, with 'stronger-than-expected' demand outpacing its ability to manufacture chips fast enough.

Intel (INTC) led chip stocks higher on Friday after the company's third-quarter results and guidance surpassed Wall Street's expectations.

Intel’s most recent financial report exceeded Wall Street projections, an optimistic update for the chipmaker bringing a $28 billion semiconductor

Speaking during Intel's Q3 2025 earnings call, Tan outlined the company's future plans for its client, server, and foundry businesses. On the client side, Intel will