Thanks Trey and thank you all for joining our call. We delivered solid third quarter revenue and profitability despite increasing COVID-driven headwinds affecting significant portions of our business. Led by strong consumer notebook demand and continued cloud growth, we generated $18.3 billion in revenue and delivered $1.11 in EPS. We exceeded our topline expectation by $133 million and our bottom-line expectation by $0.01. I'm incredibly proud of our employees' performance through these challenging conditions. Our team has shown tremendous perseverance and has really come together as one Intel to deliver for our customers.
Over the last couple of years, we have been focused on three critical priorities; improving our execution to strengthen our core business, extending our reach to accelerate the growth of the company, and continuing to thoughtfully deploy your capital. Let me discuss our third quarter progress. First, improving our execution to strengthen our core business.
This quarter we launched our 11th Gen Intel Core processors with Intel Iris Xe graphics, codename Tiger Lake. This is the world's best processor for thin and light notebooks. In real-world workloads versus competitive products, Tiger Lake delivers up to 2.7 times faster content creation, 20% faster office productivity, and more than 2x faster gaming plus streaming. I'm excited to announce that we now expect 100 Tiger Lake-based designs in the market by the end of this year, double the expectation we provided in April. Tiger Lake is a shining example of the product leadership we can deliver for our customers through our six pillars of technology innovation; breakthrough architectural improvements in CPU, graphics, AI, and software combined with our newest 10-nanometer-based technology, SuperFin, which delivers the largest single inter-node performance improvement in our history.
Accompanying the Tiger Lake launch, we also updated our master brand and debuted a new platform brand Evo. Based on 11th Gen Core, Evo designs support the sleekest thin and light form factors with premium connectivity, audio, and video. Each Evo notebook is verified to deliver consistent responsiveness, outstanding real-world battery life, instant wake, and fast charging. We expect our customers to have 40 Evo designs in market by the end of the year.
Turning to our data center business, we and our customers are excited about the upcoming launch of our 3rd Gen Xeon Scalable product, Ice Lake. We're targeting qualification at the end of Q4 with volume ramp shortly after in Q1. Recently, Oracle announced that they plan to leverage the computing performance of Ice Lake for the next generation of cloud-based high-performance computing instances within Oracle cloud infrastructure. The combination of 3rd Gen Intel Xeon Scalable processors with other improvements in Oracle's new X9 generation instance can drive up to 30% higher performance gains on certain workloads compared with the existing X7 generation instances. CPUs are foundational to our business, but we are also adding a range of other processing engines or XPUs to our portfolio.
We've made great strides in graphics and we are now scaling our graphics architecture from integrated to discrete levels of performance. Our first discrete GPU DG1 is shipping now and will be in systems for multiple OEMs later in Q4. We also powered on our next-generation GPU for client DG2. Based on our Xe high-performance gaming architecture, this product will take our discrete graphics capability up the stack into the enthusiast segment.
Beyond the CPU and the GPU, our customers tell us that they want a diverse range of AI solutions to fit every power level and performance needs from the intelligent edge to the data center. For the most demanding AI workloads, our customers are looking for purpose-built XPUs that leverage a standard-based programming environment. With that in mind, we acquired Habana Labs almost a year ago. We've integrated Habana with our platform capabilities and added software resources, so that we can deliver game-changing capability to the performance tier of the data center market. Habana's inference card is now in volume production and shipping to customers. And we're also in proof of concepts with several major cloud service providers on Habana's training card. In addition to our architectural advancements and process improvements with SuperFin, we've also advanced our packaging technologies. Several weeks ago the U.S. Department of Defense awarded us the second phase of its state-of-the-art heterogeneous integration prototype program or SHIPP. The SHIPP program enables the U.S. government to access Intel's state-of-the-art semiconductor packaging capabilities in Arizona and Oregon and take advantage of capabilities created by Intel's tens of billions of dollars of annual R&D and manufacturing investments. Software is another essential pillar for product leadership which is why we have more than 15,000 software engineers working across the stack from BIOS to application optimization. As an example, we have dedicated software experts who optimize key workloads using our hardware capabilities. Through these efforts we have increased the performance of top data center workloads such as the NAMD molecular dynamic simulation code used in the fight against COVID-19 by 1.8 times via AVX512 and natural language processing using the BERT model by 6.8 times via a range of software optimizations. Additionally, we have been working closely with the ecosystem on the open standard oneAPI effort as part of the XPU transformation. With oneAPI we are creating an open unified software architecture that can support the variety of XPUs that our customers demand. We've made tremendous progress with developers and released spec 1.0 of oneAPI in the third quarter and on track to have the gold release of oneAPI software in the fourth quarter this year. Second, we're focused on extending our reach to accelerate our growth. We are actively executing against a diversified growth strategy and now have several multibillion-dollar businesses fueled by data and the rise of artificial intelligence 5G network transformation and the intelligent autonomous edge. We built these businesses by positioning the company to grow share in the largest market opportunity in our history, in a world where everything increasingly looks like a computer. Our ambitions are much greater. And to realize them we must play a larger role in our customers' success. Here are some recent examples. We created OpenVINO in 2018 so that developers could quickly accelerate applications with deep learning inference and solutions deployed from edge to cloud. In the third quarter our OpenVINO download rate was more than double our peak last year and we've now seen our OpenVINO-related edge design wins scale more than five times in the first half of this year versus the same time last year. And we're only beginning to realize the opportunities created by 5G. As communication service providers evolve their networks to support the rollout of future 5G networks, they are increasingly adopting a software-defined virtualized infrastructure. This quarter, Verizon successfully completed the world's first fully virtualized end-to-end 5G data session, leveraging Intel's vast portfolio of products including Xeon, FPGAs, ethernet cards and Flex-Ran software reference architecture and our years of experience in virtualization. We continue to see excellent customer momentum in our Mobileye business.
Year-to-date we now have 29 new design wins for more than 26 million lifetime units. Following last quarter's landmark design win with Ford we announced collaborations with Geelys, AHG and WILLER. Geely Automotive Group the largest privately held auto manufacturer in China unveiled its new electric vehicle featuring Mobileye's SuperVision surround view for hands-free ADAS solution starting in late 2021. We expanded our Mobility-as-a-Service collaborations network with two important partnerships. The first is with Al Habtoor Group from the UAE; second with WILLER Japan to propel the deployment of autonomous vehicles and Mobility-as-a-Service. Mobileye is also first of our IOTG businesses to return to pre-COVID levels as global vehicle production improved in the third quarter.
Finally we're always mindful of our role in thoughtfully allocating your capital. This week we signed an agreement to sell SK hynix our NAND memory business for $9 billion. We believe this is a fantastic win-win transaction that allows us to focus our energy and investment in differentiated technologies, where we can play a bigger role in the success of our customers and deliver attractive returns to our shareholders. At the same time, SK hynix can build on the success of our NAND technology at a greater scale and grow the memory ecosystem to the benefit of our data center customers, partners and employees. We are retaining our Optane technology and intend to continue investing, developing and scaling the Optane business. We've also significantly improved supply for our customers. We've expanded our capacity by more than 25% in 2020 and currently have three high-volume fabs producing 10-nanometer products to meet our customer demands.
Earlier this quarter, we also entered into accelerated share repurchase agreements to repurchase $10 billion in stock. Following this repurchase we will have completed approximately $17.6 billion of the $20 billion repurchase commitment we made in October of 2019. We have a very strong balance sheet. And even as macroeconomic uncertainty persists, we are confident in our long-term strategy and the value we create as we grow our business. Finally, let me share a few thoughts about the guiding principles we use to deliver the most value for our customers. Our overarching and most important priority is to deliver a predictable cadence of leadership products. A few years ago we decided that an architectural shift to die disaggregation enabled by our differentiated advanced packaging would be a potent tool for employing the best technologies that we and the ecosystem can provide. We also realized that delivering on that promise meant engaging the ecosystem in a different way: treating the equipment and EDA providers and third-party foundries not as suppliers but as strategic partners that we can learn from and that can help us solve customer problems. Now we have more flexibility in whether we make or buy or whether we make for others. Many of our future products can no longer be described as manufactured inside or outside or as being a large core or a small core product. These products will take advantage of hybrid architectural approaches and the universe of IP deployed both inside and outside the walls of Intel.
That said, we have and do get great benefits from internal manufacturing. We call it our IDM advantage, because it provides us attractive economics, co-optimization of design and process technology development and supply assurance. So as we engage the ecosystem more broadly, we want to preserve some of the advantages of IDM like schedule, performance and supply, as we work with our strategic partners. Finally, I want to reiterate our intention to continue investing in leading process technology development to bring future process nodes and advanced packaging capabilities to market.
This is a powerful force in creating future differentiation for our products and provides tremendous option value for our business. As I look to the next several years of products, I am excited about the products we have coming. We are now sampling our 2021 client CPU Alder Lake, and we'll be sampling our 2021 data center CPU, Sapphire Rapids later in the fourth quarter. Both will deliver significant capabilities enabled by our six pillars of innovation including our enhanced SuperFin technology. We have another great lineup of products in 2022 and I'm increasingly confident in the leadership our 2023 products will deliver on either Intel 7-nanometer or external foundry processes or a combination of both. I look forward to providing further update in the January call.