Article · AI translation
IT Home reported on October 30 that, on October 29 Eastern Time, Intel management said during its third-quarter 2026 earnings call that data centers were the main driver of growth that quarter, with demand for server CPUs outstripping supply.
Intel CFO David Zinsner said the company's factory network and external suppliers supported higher server CPU output. Based on the current outlook, DCAI full-year revenue is expected to be nearly $10 billion higher than anticipated at the start of the year (IT Home note: approximately 66.769 billion yuan at the current exchange rate). Management expects the industry to remain supply-constrained in 2027 and 2028. Server CPU shipments will grow by more than 30% in both 2026 and 2027; growth would be higher if supply were more plentiful.
Meanwhile, the PC market has begun to weaken after remaining resilient in the first half of 2026. Intel expects the overall PC market to shrink by about 12% in 2026, with a decline of more than 20% in the second half. The PC market will not see a sustained recovery until memory supply improves and prices normalize.
Zinsner expects the total addressable PC market (TAM) to shrink by about 10% in 2027. The year-on-year decline will be more pronounced in the first half, while the second half could improve because of a lower base of comparison. Intel's long-term outlook for the PC market remains unchanged. Traditional PCs will play an important role in advancing AI applications and improving the return on investment in AI infrastructure.