Thursday, October 29 was the heaviest day of the season for the AI hardware chain. Intel, Amazon and Sandisk reported after the close, with Entegris, Mobileye and Belden in the morning and AXT and Ingram Micro in the evening. Data center demand drove almost every print. Phones and PCs pulled the other way. Here’s the day in one place.
Intel Q3 2026
Ticker: NASDAQ: INTC
Reported: Thursday, October 29, after the close
Revenue rose 21% to $16.5 billion. Data Center and AI was the story at $7.3 billion, up 78%, while the client and physical AI group slipped 5% to $8.1 billion. Intel Foundry revenue grew 58% to $6.7 billion. Non-GAAP gross margin widened 4.1 points to 44.1% and non-GAAP EPS more than doubled to $0.52; GAAP EPS was $0.60. CEO Lip-Bu Tan said adding supply for Xeon demand is the immediate priority. The Q4 guide is softer: $15.0 billion to $16.0 billion in revenue, non-GAAP gross margin of 38.0% and non-GAAP EPS of $0.25, and the CFO expects the PC slowdown to last at least through the first half of 2027. Gross capex was $4.2 billion in the quarter.
Amazon Q3 2026
Ticker: NASDAQ: AMZN
Reported: Thursday, October 29, after the close
Net sales rose 12% to $201.9 billion, about four points lower than they would have been because Prime Day moved into the second quarter in most large countries. AWS grew 39% to $46.0 billion, with operating income of $17.8 billion. Total operating income jumped to $28.1 billion, a record 13.9% margin. EPS was $1.89 against $1.95 a year ago, when Anthropic investment gains added $9.5 billion pre-tax. Capex was $77.3 billion in the quarter, and trailing free cash flow turned to an outflow of $42.4 billion; Amazon still expects about $220 billion of cash capex for 2026. CEO Andy Jassy said AWS should grow above 40% in both 2027 and 2028. Q4 guidance is $240 billion to $247 billion in sales and $28.5 billion to $33.5 billion in operating income.
Sandisk Q1 Fiscal 2027
Ticker: NASDAQ: SNDK
Reported: Thursday, October 29, after the close
Revenue was $11.03 billion, up 23% from the June quarter and 378% from a year ago, above guidance of $10.3 billion to $10.8 billion. Datacenter revenue rose 61% sequentially to $4.80 billion, edge grew 7% to $5.83 billion and consumer fell 29% to $397 million. Non-GAAP gross margin was 85.1% and non-GAAP EPS $49.51. Sandisk bought back about 3.2 million shares for $5.0 billion and announced an eight-for-one split, with trading on a split-adjusted basis from November 20. Fiscal Q2 guidance is $12.2 billion to $12.6 billion in revenue, 84.5% to 85.5% gross margin and $55 to $57 in pre-split non-GAAP EPS. The full breakdown, including a $1.9 billion jump in receivables, is in the analysis.org earnings post.
Entegris Q3 2026
Ticker: NASDAQ: ENTG
Reported: Thursday, October 29, before the open
Sales crossed $1 billion for the first time at $1.006 billion, up about 25% from a year ago. GAAP gross margin was 49.7%, GAAP EPS $1.03 and adjusted EPS $1.23, both ahead of estimates. Management pointed to rising process complexity and materials intensity at the leading edge, with both the consumables and capital equipment businesses growing. Q4 guidance is $1.025 billion to $1.055 billion in sales.
AXT Q3 2026
Ticker: NASDAQ: AXTI
Reported: Thursday, October 29, after the close
Revenue was a record $73.4 million, up 54% from the second quarter and 162% from a year ago, on demand for indium phosphide substrates used in data center optics. Gross margin jumped to 56.0% from 44.9% in Q2. Net income was $25.7 million, or $0.39 a share, against a loss a year ago. AXT says it has more than doubled its InP capacity this year, ahead of plan, and that productivity gains and larger-diameter wafers have more than quadrupled its 2026 InP revenue opportunity. No formal Q4 guidance was given, and export permits for InP substrates from China remain a listed risk.
Mobileye Q3 2026
Ticker: NASDAQ: MBLY
Reported: Thursday, October 29, before the open
Revenue slipped 2% to $492 million even though EyeQ and SuperVision shipments rose to 9.5 million from 9.2 million. Average system price fell 5% on a heavier mix of lower-priced China OEM export volumes. Adjusted EPS was $0.11, helped by a $52 million Israeli R&D incentive, while the GAAP line showed a $67 million loss. Full-year revenue guidance was narrowed to $1,995 million to $2,020 million, raising the midpoint by about $13 million. New Cloud-Enhanced ADAS wins came from a top-five Asian and a top-ten Japanese automaker, plus a Stellantis nomination for US vehicles from 2027. Robotaxi work moved ahead in Hamburg and Orlando.
Ingram Micro Q3 2026
Ticker: NYSE: INGM
Reported: Thursday, October 29, after the close
Net sales were a record $15.2 billion, up 20.8%, with Advanced Solutions up 40% and North America up 31.5%. GPU and AI infrastructure deals drove the growth and also diluted gross margin to 6.55% from 6.90%. Non-GAAP EPS rose 26% to $0.91 and GAAP EPS 36% to $0.57. Operating cash flow was $251 million, the strongest third quarter in more than five years, and the dividend went up to $0.088. Ingram raised full-year guidance from its September investor day and guided the 14-week fourth quarter to $17.5 billion to $17.9 billion in sales and $1.05 to $1.15 in non-GAAP EPS.
Belden Q3 2026
Ticker: NYSE: BDC
Reported: Thursday, October 29, before the open
Revenue was a record $966 million, up 38% and 11% organically, and orders topped $1 billion for a book-to-bill of 1.05. Adjusted EPS rose 15% to $2.26 and adjusted EBITDA margin improved to 17.7%. The GAAP line showed a $0.29 loss after $100 million of non-cash Ruckus acquisition charges. The headline item is a $100 million agreement to supply fiber assemblies to a major US data center customer in 2027, and management now expects its data center business to grow more than 50% next year. Q4 guidance is $960 million to $980 million in revenue and $2.20 to $2.35 in adjusted EPS.
The Day in Short
- Raised or record: Sandisk, Entegris, AXT, Ingram Micro, Belden, Amazon (AWS and operating margin)
- Mixed: Intel (data center up 78%, softer Q4 guide), Mobileye (volumes up, price down)
- Next up: Sandisk’s split-adjusted trading from November 20