In this article, we will discuss the 13 Best Internet of Things (IoT) Stocks to Buy Now.
Investing in IoT stocks provides exposure to a rapidly expanding ecosystem powered by industrial automation, 5G connectivity, artificial intelligence, and smart infrastructure. With the global IoT market projected to roughly double in value by 2027, adoption is accelerating across healthcare, manufacturing, logistics, and urban development. As organizations digitize operations, connected devices are becoming essential tools for improving productivity, reducing costs, and unlocking real-time, data-driven decision-making.
One of the strongest tailwinds is sheer scale. The number of connected devices worldwide continues to climb as 5G networks expand and AI integration enhances device capabilities. In industrial settings, IoT enables predictive maintenance that reduces costly downtime, optimizes energy consumption, and streamlines supply chains through advanced tracking and analytics. In healthcare, remote patient monitoring is reshaping care delivery, while smart city initiatives are improving traffic management, utilities, and public safety. At its core, IoT is fueling a structural shift toward real-time operational intelligence, allowing businesses to act faster and more efficiently.
The opportunity spans multiple layers of the value chain, including network infrastructure and connectivity providers, industrial automation and analytics platforms, and hardware and sensor manufacturers producing connected devices. Together, these segments form the backbone of a more automated and data-centric global economy.
Risks remain, including market volatility in an evolving sector, intense competitive pressure requiring constant innovation, and concentration risk when investing in niche sub-sectors. However, as connectivity becomes foundational to modern infrastructure, IoT companies are positioned to benefit from durable, long-term digital transformation trends.
With this context in mind, here is a list of the 13 best Internet of Things (IoT) stocks to buy now.
Our Methodology
We sifted through ETFs, screeners, and online rankings to identify the best Internet of Things (IoT) stocks to buy right now. From the resultant dataset, we limited our final selection to 13 IoT companies that have recently reported noteworthy developments likely to impact investor sentiment. As these stocks are popular among analysts and elite hedge funds, we ranked those stocks in ascending order based on the number of hedge funds holding stakes in each stock as of Q3 2025. We assessed hedge fund ownership of each stock using Insider Monkey’s hedge fund database. We have used the stock’s market cap as of February 21 as a tie-breaker in case two or more stocks have the same number of hedge funds invested.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
13 Best Internet of Things (IoT) Stocks to Buy Now
13. Digi International Inc. (NASDAQ:DGII)
Number of Hedge Fund Holders: 16
Market Capitalization: $1.89 billion
On February 5, Craig-Hallum raised its price target on Digi International Inc. (NASDAQ:DGII) to $50 from $45 and reiterated a Buy rating, citing management’s confidence in acquisition integration, strong growth in its Cellular Solutions segment, and resilience following a tariff pause. The firm characterized the company’s raised fiscal 2026 guidance as potentially conservative relative to underlying momentum. The company reported a strong December quarter and March guide, and the company raised its FY26 guidance, though Craig-Hallum believes it was conservative.
That same day, Digi International Inc. (NASDAQ:DGII) reported first-quarter revenue of $122 million, exceeding consensus estimates of $115.6 million and representing 18% year-over-year growth, while setting multiple company records. Management highlighted double-digit growth in ARR, revenue, adjusted EBITDA, and adjusted EPS, supported by the addition of Jolt. For fiscal 2026, Digi guided to 23% ARR growth, 14%–18% revenue growth, and 17%–21% adjusted EBITDA growth, incorporating contributions from Particle. Second-quarter revenue is expected to be between $124 million and $128 million, with adjusted EBITDA of $31.5 million to $33 million. Full-year adjusted EPS is forecast at $0.56 to $0.59. Management emphasized embedding AI capabilities across its solutions portfolio and positioning the company to capitalize on secular growth in edge intelligence, industrial automation, and connected infrastructure. Strong recurring revenue growth and expanding AI integration support a constructive long-term outlook.
Digi International Inc. (NASDAQ:DGII), founded in 1985 and headquartered in Hopkins, Minnesota, provides IoT and machine-to-machine connectivity solutions that enable businesses to deploy and manage connected products and critical communications infrastructure.
12. Belden Inc. (NYSE:BDC)
Number of Hedge Fund Holders: 20
Market Capitalization: $5.65 billion
On February 12, Belden Inc. (NYSE:BDC) reported fourth-quarter results that exceeded expectations, with revenue of $720.12 million compared to consensus estimates of $696.97 million. Management characterized 2025 as a year of measurable progress and expanded market traction, supported by record orders and operational execution. Full-year revenue reached a record of approximately $2.7 billion, representing 10% year-over-year growth, while adjusted earnings per share of $7.54 marked a 19% year-over-year increase. Fourth-quarter adjusted EPS was a record $2.08, up 8% year over year. The company repurchased 1.7 million shares for $195 million during the year in alignment with its capital allocation priorities, underscoring confidence in long-term value creation.
Belden Inc. (NYSE:BDC) guided first-quarter 2026 revenue of $675–$690 million and adjusted EPS of $1.65–$1.75, assuming continuation of current market conditions and typical seasonality. Management noted that an approximate 2% year-over-year foreign exchange benefit should be incorporated into financial models. The outlook builds upon record 2025 performance, including fourth-quarter revenue of $720 million, adjusted EPS of $2.08, full-year revenue of approximately $2.7 billion, and full-year adjusted EPS of $7.54, alongside order growth of 12% year over year and 5% sequentially. Trailing twelve-month free cash flow totaled $219 million, and year-end net leverage stood at approximately 1.9x, compared to a long-term target of roughly 1.5x. The company retains $145 million under its current share repurchase authorization.
Founded in 1902, Belden Inc. (NYSE:BDC) designs, manufactures, and distributes comprehensive networking, security, and connectivity solutions. Its Automation Solutions segment delivers hardware and software that power industrial networks, smart factories, and process automation systems, central components of Industry 4.0. This positioning within mission-critical industrial infrastructure supports durable demand and long-term growth as enterprises continue to digitize and modernize operations.
11. Impinj, Inc. (NASDAQ:PI)
Number of Hedge Fund Holders: 32
Market Capitalization: $3.87 billion
On February 6, UBS lowered its price target on Impinj, Inc. (NASDAQ:PI) to $155 from $190 while maintaining a Neutral rating. The firm cited first-quarter guidance that fell materially below consensus expectations, driven by extended channel inventory digestion and product obsolescence dynamics, particularly affecting large customers such as UPS. UBS noted that while estimates have reset lower, more durable catalysts may depend on broader adoption within the food vertical and a clearer recovery in retail demand.
One day earlier, Impinj, Inc. (NASDAQ:PI) reported fourth-quarter and full-year 2025 results. Fiscal 2025 adjusted EBITDA reached a record $69.6 million, up from $65.9 million in 2024, with a record adjusted EBITDA margin of 19.3%, consistent with the long-term financial model. Fourth-quarter adjusted EBITDA totaled $16.4 million, reflecting a 17.7% margin. Management highlighted a 9% year-over-year increase in endpoint IC unit volumes during 2025, with the M800 platform emerging as the primary volume driver and contributing to a more favorable product mix. For the first quarter of 2026, Impinj guided revenue to $71–$74 million, compared to $74.3 million in the prior-year period, implying an approximate 2% year-over-year decline at the midpoint. The outlook reflects an anticipated high-teens sequential decline in endpoint IC revenue from $75.2 million in Q4, primarily due to supply-chain inventory normalization, retail softness, and modest annual price reductions, alongside seasonally weaker systems revenue. Adjusted EBITDA is projected at $1.2–$2.7 million, with non-GAAP net income of $2.5–$4.0 million, or $0.08–$0.13 per diluted share. Despite near-term headwinds, record profitability metrics and expanding endpoint volumes demonstrate operating leverage and underlying demand durability, suggesting that once inventory pressures abate, earnings power could reaccelerate meaningfully.
Impinj, Inc. (NASDAQ:PI) is a leading participant in the Internet of Things ecosystem, focused on RAIN RFID technology that connects physical items to cloud-based data systems. Founded in 2000 and headquartered in Seattle, Washington, the company delivers a vertically integrated platform encompassing endpoint chips, readers, and software solutions that enable real-time item identification, tracking, and authentication.
10. Alarm.com Holdings, Inc. (NASDAQ:ALRM)
Number of Hedge Fund Holders: 33
Market Capitalization: $2.26 billion
On February 20, Alarm.com Holdings, Inc. (NASDAQ:ALRM) saw Barclays analyst Saket Kalia reduce the firm’s price target to $50 from $56 while maintaining an Equal Weight rating following the company’s fourth-quarter earnings report and updated financial model.
On February 18, JPMorgan lowered its price target on Alarm.com Holdings, Inc. (NASDAQ:ALRM) to $40 from $55 and maintained an Underweight rating, citing broad underperformance across the vertical software sector. The firm noted that the rapid acceleration of artificial intelligence deployment raises questions regarding competitive moats and the long-term defensibility of certain software business models.
On February 20, Alarm.com Holdings, Inc. (NASDAQ:ALRM) reported fourth-quarter revenue of $261.7 million, exceeding the consensus estimate of $250.75 million. Adjusted earnings per share for the quarter were $0.72, surpassing the consensus expectation of $0.64. For fiscal 2026, the company guided revenue in the range of $1.058 billion to $1.065 billion, above the consensus forecast of $1.04 billion.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) operates a cloud-based platform that connects and manages a broad ecosystem of IoT-enabled devices, including security cameras, door locks, thermostats, and environmental sensors, through a unified interface serving residential and commercial properties. Tenth in the list of best internet of things (IoT) stocks to buy now, the company is expanding its portfolio into AI-driven video analytics, energy management solutions through EnergyHub, and commercial property automation.
9. Garmin Ltd. (NYSE:GRMN)
Number of Hedge Fund Holders: 34
Market Capitalization: $47.91 billion
On February 19, Morgan Stanley upgraded Garmin Ltd. (NYSE:GRMN) to Equal Weight from Underweight and raised its price target to $252 from $195, stating that its prior negative thesis has largely played out. The firm cited stronger-than-expected 2026 revenue and margin guidance, which it views as conservative, as a catalyst for improved sentiment.
The company reported full-year 2025 consolidated revenue of $7.246 billion, up 15% year over year and a new annual record, while fourth-quarter revenue reached $2.125 billion, increasing 17% year over year and surpassing $2.0 billion for the first time in a single quarter. Pro forma EPS for 2025 was $8.56, up 16% year over year, with fourth-quarter pro forma EPS of $2.79, also up 16%. Garmin Ltd. (NYSE:GRMN) ended the year with approximately $4.1 billion in cash and marketable securities and generated approximately $1.4 billion in free cash flow. The company proposed an annual dividend of $4.20 per share, representing a 17% increase, and approved a $500 million share repurchase program. For 2026, management guided to consolidated revenue of approximately $7.9 billion, gross margin of about 58.5%, operating margin near 25.5%, and operating income exceeding $2.0 billion for the first time, with pro forma EPS projected at approximately $9.35. Guidance incorporates anticipated memory cost pressures and tariff impacts, offset by favorable product mix and supply chain initiatives. Strong revenue growth, margin resilience, and substantial capital returns reinforce Garmin’s ability to compound earnings through diversified end markets.
Garmin Ltd. (NYSE:GRMN), founded in 1989 and headquartered in Olathe, Kansas, specializes in wearable technology, GPS, and communication devices, serving consumer, aviation, marine, and fitness markets through connected IoT-enabled products.
8. Samsara Inc. (NYSE:IOT)
Number of Hedge Fund Holders: 42
Market Capitalization: $15.46 billion
On February 17, Truist lowered its price target on Samsara Inc. (NYSE:IOT) to $30 from $39 while maintaining a Hold rating as part of a broader fourth-quarter preview within the security software space. The firm noted that the broader narrative surrounding artificial intelligence disruption is likely to dominate earnings season, as investors differentiate between companies positioned to benefit from AI and those at risk. While Truist highlighted other security platforms as better positioned for near-term upside, the continued coverage reflects recognition of Samsara’s relevance within the evolving AI-enabled software landscape.
Samsara Inc. (NYSE:IOT) delivered a strong third quarter of fiscal 2026, reporting annual recurring revenue of $1.75 billion, representing 29% year-over-year growth, and adding a record 219 customers generating more than $100,000 in ARR. Product innovation remains central to the company’s strategy, with new AI-powered coaching tools and its AI Multicam solution gaining traction by improving safety outcomes and deepening customer engagement across its connected operations platform. Accelerating ARR growth, enterprise customer expansion, and AI-driven product adoption underscore durable demand trends and strengthen the long-term investment case despite short-term valuation adjustments.
Samsara Inc. (NYSE:IOT), headquartered in San Francisco and founded in 2015, is an Internet of Things company focused on telematics and data-driven insights for physical operations across logistics, construction, and fleet management.
7. Mobileye Global Inc. (NASDAQ:MBLY)
Number of Hedge Fund Holders: 43
Market Capitalization: $7.61 billion
On January 24, Raymond James lowered its price target on Mobileye Global Inc. (NASDAQ:MBLY) to $16 from $19 while maintaining an Outperform rating following fourth-quarter results. The firm reiterated that fiscal 2026 is expected to represent a transitional year but sees potential upside emerging in late 2026. Raymond James highlighted favorable risk-reward dynamics, citing meaningful earnings leverage as incremental revenue scales.
The prior day, RBC Capital reduced its price target on Mobileye Global Inc. (NASDAQ:MBLY) to $13 from $14 and maintained a Sector Perform rating after reviewing fourth-quarter results. Fiscal 2026 EBIT guidance came in below consensus, reflecting increased research and development expenses associated with the Mentee Robotics acquisition. While RBC remains constructive on the company’s robotaxi and humanoid robotics initiatives, it noted near-term headwinds from OEM insourcing of advanced autonomy capabilities.
On January 22, Mobileye Global Inc. (NASDAQ:MBLY) reported full-year 2025 revenue of $1.9 billion, representing 15% year-over-year growth and modestly exceeding prior guidance. The company introduced artificial community intelligence (ACI) for planning, advanced sim-to-wheel transfer methodologies, and a fast-think/slow-think vision-language model architecture aimed at enhancing precision, scalability, and reducing teleoperator dependency. The robotics acquisition expands the platform into vertically integrated humanoid systems featuring continuous passive learning, with customer proof-of-concept engagements expected in high double digits during 2026 and commercialization targeted for 2028, generating synergies with Mobileye’s simulation and AI stack. Although fiscal 2026 may reflect elevated investment, the expansion into robotics and advanced autonomy broadens Mobileye’s total addressable market and enhances long-term optionality, reinforcing the case for patient capital deployment.
Mobileye Global Inc. (NASDAQ:MBLY), headquartered in Israel, develops advanced driver-assistance systems and autonomous driving technologies. The company’s portfolio spans computer vision, mapping, and AI-based decision-making platforms designed for both consumer vehicles and future mobility solutions.
6. Acuity Inc. (NYSE:AYI)
Number of Hedge Fund Holders: 47
Market Capitalization: $9.53 billion
On January 22, the board of directors of Acuity Inc. (NYSE:AYI) approved a 17% increase in the quarterly dividend to $0.20 per share from $0.17 per share. The dividend is payable on February 13 to shareholders of record as of February 2, underscoring management’s confidence in the company’s cash flow generation and capital allocation framework.
On January 12, Morgan Stanley analyst Christopher Snyder reduced the firm’s price target on Acuity Inc. (NYSE:AYI) to $410 from $425 while maintaining an Overweight rating. Although fiscal first-quarter earnings per share exceeded expectations and forward revisions remained stable, the shares declined 13% following softer margins within the ABL segment and investor concerns regarding potential pull-forward effects in Q1 demand and longer-term pricing power. Morgan Stanley characterized the post-earnings selloff as an attractive entry point, suggesting that near-term margin variability does not alter the company’s structural positioning. The combination of dividend growth, earnings resilience, and a discounted valuation following the correction strengthens the argument for accumulating shares at current levels, particularly given Acuity’s exposure to energy-efficient retrofits and smart building upgrades.
Acuity Inc. (NYSE:AYI), headquartered in Atlanta, Georgia, is an industrial technology company operating across North America, Europe, and Asia. Through its Intelligent Spaces Group and Atrius platform, the company integrates IoT-enabled lighting and building management solutions that transform luminaires into data-generating network nodes.
5. NXP Semiconductors N.V. (NASDAQ:NXPI)
Number of Hedge Fund Holders: 53
Market Capitalization: $58.69 billion
On February 4, NXP Semiconductors N.V. (NASDAQ:NXPI) saw Bernstein analyst Stacy Rasgon raise the firm’s price target to $240 from $220 while maintaining a Market Perform rating. The analyst characterized fourth-quarter results as solid overall, with performance mixed across end markets: automotive revenue trailed expectations, Industrial and IoT were largely in line, Mobile exceeded forecasts, and Communications Infrastructure modestly outperformed. Channel inventory increased sequentially to 10 weeks, reflecting a measured normalization of supply-demand dynamics across the distribution network.
On February 2, NXP Semiconductors N.V. (NASDAQ:NXPI) reported fourth-quarter revenue of $3.34 billion, representing a 7% year-over-year increase and 5% sequential growth, exceeding the midpoint of guidance by $35 million. First-quarter fiscal 2026 guidance calls for revenue of $3.15 billion, up 11% year over year, though seasonally down 6% sequentially. Management indicated that the outlook is more constructive than it was 90 days ago and does not assume broad-based channel restocking. Industrial and IoT revenue totaled $2.3 billion, flat year over year, with expectations for second-half growth materially above the company’s long-term 8%–12% framework. Customer engagement around “physical AI” at the edge continues to gain traction through the i.MX processor portfolio combined with Kinara MPUs, with design wins emerging in medical imaging, workplace safety cameras, logistics automation, and robotics. The company has deployed approximately $1.7 billion of its planned $3.4 billion investment in VSMC/ESMC manufacturing partnerships, positioning it roughly halfway through the investment cycle to support hybrid manufacturing capabilities and structurally higher gross margins over time. Taken together, resilient revenue growth, improving visibility, and disciplined strategic investment reinforce confidence in NXP’s ability to capture secular demand in automotive electrification, industrial automation, and edge intelligence, supporting a constructive long-term investment case.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a Netherlands-based semiconductor designer and manufacturer headquartered in Eindhoven. Established in 2006 following the divestiture of Philips’ semiconductor division, the company develops a broad portfolio of solutions spanning automotive electronics, industrial applications, Internet of Things devices, secure identification and NFC payments, as well as wireless infrastructure.
4. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 53
Market Capitalization: $155.09 billion
On January 30, Honeywell International Inc. (NASDAQ:HON) saw Baird analyst Peter Arment raise the firm’s price target to $240 from $207 while maintaining a Neutral rating following fourth-quarter results. The analyst updated financial projections to reflect improved operating performance and confirmed that the planned Aerospace separation remains on schedule, reinforcing visibility around the company’s portfolio transformation strategy.
One day earlier, Honeywell International Inc. (NASDAQ:HON) reported fourth-quarter results demonstrating robust operational momentum. Fourth-quarter sales increased 11% organically, or 6% excluding the impact of the 2024 Bombardier agreement, while full-year 2025 sales rose 7% organically, or 6% excluding Bombardier, exceeding the high end of initial full-year guidance by approximately two percentage points. Fourth-quarter adjusted earnings per share were $2.90, representing 17% year-over-year growth, or a 3% decline excluding Bombardier, while full-year adjusted EPS reached $9.78, up 12% year over year, or 7% excluding Bombardier.
During the quarter, Honeywell International Inc. (NASDAQ:HON) returned $900 million to shareholders through dividends and share repurchases, repaid $2.3 billion of debt in Q4 and $3.8 billion for the full year, repurchased $3.8 billion of stock representing 18 million shares in 2025, funded $2.2 billion of acquisitions, and invested $1.0 billion in capital expenditures. The 2026 capital allocation plan prioritizes additional debt reduction ahead of the Aerospace separation.
For full-year 2026, Honeywell International Inc. (NASDAQ:HON) guided sales of $38.8–$39.8 billion, implying organic growth of 3%–6%, adjusted EPS of $10.35–$10.65, reflecting 6%–9% growth, and free cash flow of $5.3–$5.6 billion, representing 4%–10% growth, supported by continued margin expansion and pricing of approximately 3% or higher. The combination of accelerating organic growth, strong free cash flow generation, disciplined capital deployment, and portfolio simplification through the Aerospace spinoff strengthens the investment case by enhancing earnings quality and improving balance sheet flexibility.
Honeywell International Inc. (NASDAQ:HON) is a diversified multinational conglomerate that develops technologies addressing complex challenges across aerospace, building automation, industrial automation, and energy transition markets.
3. QUALCOMM Incorporated (NASDAQ:QCOM)
Number of Hedge Fund Holders: 63
Market Capitalization: $152.45 billion
On February 6, Baird lowered its price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $177 from $200 while maintaining an Outperform rating, updating its model following recent results and signaling that fiscal 2026 is shaping up as a transitional year across certain end markets.
QUALCOMM Incorporated (NASDAQ:QCOM) reported fiscal first-quarter revenue of $12.3 billion and non-GAAP EPS of $3.50, both company records and at the high end of guidance. The performance highlights robust execution across the portfolio even as the broader smartphone market remains choppy. Performance reflected strong execution across its diversified portfolio despite ongoing volatility in the broader smartphone market. IoT revenue increased 9% year over year to $1.7 billion, supported by growth in industrial and consumer networking products, with management guiding to low-teens percentage growth in the second quarter.
The company returned $3.6 billion to shareholders during the quarter, including $2.6 billion in share repurchases and $949 million in dividends, underscoring confidence in long-term cash generation. Record profitability, diversified revenue streams, and disciplined capital allocation reinforce QUALCOMM Incorporated (NASDAQ:QCOM)’s ability to navigate cyclical variability while investing in high-growth areas such as automotive and edge AI.
QUALCOMM Incorporated (NASDAQ:QCOM) is a leading American semiconductor and wireless technology company that designs, develops, and licenses foundational technologies for the global communications industry. The company develops processors and foundational communications technologies, serving mobile, automotive, IoT, and artificial intelligence markets globally.
2. DexCom, Inc. (NASDAQ:DXCM)
Number of Hedge Fund Holders: 71
Market Capitalization: $28.13 billion
On February 13, Mizuho analyst Anthony Petrone raised the price target on DexCom, Inc. (NASDAQ:DXCM) to $90 from $78 while maintaining an Outperform rating, citing a favorable post-earnings setup following a quarterly beat that exceeded expectations.
The previous day, DexCom, Inc. (NASDAQ:DXCM) reported fourth-quarter revenue of $1.26 billion, slightly above the $1.25 billion consensus estimate. Management highlighted 2025 as a year of expanded access to continuous glucose monitoring (CGM) solutions and the launch of the Dexcom G7 15 Day System. For 2026, the company guided revenue to a range of $5.16 billion to $5.25 billion, representing projected growth of 11%–13%. Non-GAAP gross margin is expected between 63% and 64%, with an operating margin of approximately 22%–23% and an adjusted EBITDA margin of 30%–31%. Gross margin expansion of 200–300 basis points is anticipated in 2026, driven by lower freight costs, manufacturing efficiencies, and a favorable product mix associated with the G7 15-day platform. The combination of sustained double-digit revenue growth, expanding margins, and operational leverage underscores improving profitability and cash generation, strengthening the investment thesis around durable category leadership in CGM technology.
DexCom, Inc. (NASDAQ:DXCM), headquartered in San Diego, California, is a medical device company specializing in the development, manufacturing, and distribution of continuous glucose monitoring systems for diabetes management. Founded in 1999, the company operates at the intersection of healthcare and connected device ecosystems, positioning it as a central participant in the Internet of Medical Things.
1. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 81
Market Capitalization: $220.33 billion
On January 26, Morgan Stanley raised its price target on Intel Corporation (NASDAQ:INTC) to $41 from $38 while maintaining an Equal Weight rating. Although fourth-quarter results exceeded expectations, the firm characterized first-quarter guidance as constrained by meaningful supply limitations, which could weigh on customer confidence in Intel’s foundry execution and near-term operational consistency.
On January 22, Intel Corporation (NASDAQ:INTC) reported fourth-quarter 2025 revenue of $13.7 billion, at the high end of guidance and marking the fifth consecutive quarter of revenue above its outlook range. Non-GAAP gross margin reached 37.9%, approximately 140 basis points above guidance, while non-GAAP EPS of $0.15 exceeded the $0.08 guidance midpoint. Operating cash flow totaled $4.3 billion, with gross capital expenditures of $4.0 billion and positive adjusted free cash flow of $2.2 billion during the quarter. Consistent execution above guidance, improving cash flow generation, and disciplined capital spending provide evidence of operational stabilization as the company pivots toward data-centric markets.
Intel Corporation (NASDAQ:INTC), founded in 1968 and headquartered in Santa Clara, California, is a leading semiconductor manufacturer developing processors and optimized chips for PCs, data centers, IoT devices, and edge computing, as it transitions toward supporting data-driven industries and foundry services.
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