Intel Surges on Chip Rebound, Ford Faces Fire Impact, Deckers Outdoor Declines

Intel's Q3 Performance and Future Outlook

• 💡 Intel reported adjusted EPS of 23 cents, beating street expectations of 1.2 cents, with revenue up 3% year-over-year to $13.65 billion.
• 🚀 The company forecasts Q4 revenue between $12.8 billion and $13.8 billion, indicating optimism about a comeback attempt.
• 🧠 Intel highlighted marginal improvement in data center and AI revenue, which reached $4.12 billion in Q3, with demand outpacing supply and expected to persist into 2026.
• 💰 The company secured accelerated funding from the US government and investments from Nvidia and SoftBank Group, strengthening its balance sheet and operational flexibility.
• 📈 Intel shares saw a significant rise in after-hours trading, up approximately 9% at one point, driven by upbeat forecasts and strong core market performance.

Ford's Financial Impact and Production Strategy

• ⚠️ Ford anticipates a $1.5 billion to $2 billion adjusted EBIT hit in 2025 due to the Novelis factory fire, which impacted aluminum production.
• 📉 The automaker's fiscal year adjusted EBIT guidance was lowered to $6 billion to $6.5 billion, missing analyst estimates.
• 🚚 Ford plans to boost F-150 and Super Duty truck production by 50,000 units in 2026, creating 1,000 new jobs in Michigan and Kentucky to recover losses and meet customer demand.
• 🗣️ CEO Jim Farley is set to discuss the company's strategy, including a refocus on ICE vehicles and new model production for the F-150.

Deckers Outdoor and Western Union Earnings

• 📊 Deckers Outdoor (maker of Uggs and Hoka's) reported Q2 net sales of $1.43 billion, slightly below street expectations for the full year.
• 🎯 The company provided full-year sales guidance of $5.35 billion and expects gross margins around 56% and operating margins of 21.5%.
• 💰 Western Union saw a surge of about 4.4% after reporting Q3 revenue of $1.03 billion, ahead of expectations, with adjusted EPS at 47 cents versus an estimate of 43 cents.

Other Market Movers

• 📈 Numont Corporation reported Q3 adjusted EPS of $1.71 and sales of $5.52 billion, both beating analyst estimates, leading to a slight increase in after-hours shares.