Intel (INTC) announced its third quarter earnings after the bell on Thursday, beating analysts’ expectations on the top and bottom lines and provided Q4 guidance implying revenue growth for the first time since 2020. Shares of the chipmaker jumped more than 7% following the report.

Intel’s Q3 revenue came in at $14.2 billion with adjusted earnings per share (EPS) of $0.41. Analysts were expecting revenue of $13.5 billion and adjusted EPS of $0.31.