Intel Q2 2026 – Quarterly Results 📊🔥$INTC

🔹 Revenue: 16.1 bn USD (est. 14.5 bn USD) 🟢 Beat expectations | +25% YoY

🔹 Adjusted Earnings Per Share (Adj. EPS): 0.42 USD (est. 0.22 USD) 🟢 Beat expectations

🔹 Adjusted Gross Margin: 41.8% (est. 39.0%) 🟢 Beat expectations | +12.1 percentage points YoY

🔹 Capital Expenditures (CapEx) for FY2026: increased to 20 bn USD (previously 18 bn USD) 🟢

Q3 2026 Outlook

🔹 Revenue: 15.8–16.8 bn USD (est. 15.2 bn USD) 🟢

🔹 Non-GAAP EPS: 0.38 USD (est. 0.28 USD) 🟢

🔹 GAAP EPS: 0.31 USD

🔹 GAAP Gross Margin: 41.0%

🔹 Non-GAAP Gross Margin: 42.0%

Segment Revenues

🔹 Client Computing (PC processors): 8.9 bn USD | +13% YoY

🔹 Data Center & AI: 6.3 bn USD | +59% YoY 🔥

🔹 Total Intel Products: 15.1 bn USD | +28% YoY

🔹 Intel Foundry: 5.8 bn USD | +31% YoY

🔹 Other Segments: 0.7 bn USD | -33% YoY

Other Key Metrics

🔹 Non-GAAP Operating Margin: 17.2% (est. 10.7%) 🟢

🔹 Operating Cash Flow: 7.0 bn USD (est. 5.23 bn USD) 🟢

🔹 Non-GAAP Net Income: 2.2 bn USD (est. 1.15 bn USD) 🟢

🔹 GAAP EPS: -2.16 USD

🟠 The negative GAAP EPS was caused by a one-time non-cash accounting revaluation of shares related to the agreement with the U.S. government. This does not reflect a deterioration of the company's ordinary business.

Management Commentary

🟠 "Second-quarter results represent the strongest revenue growth in more than fifteen years, driven by greater speed, better management, and increased customer focus."

🟠 "In the second quarter, we exceeded our financial outlook due to strong demand, improved operational management, higher manufacturing yields, and faster production cycles."

Key Takeaways

🟢 Intel posted its fastest revenue growth in more than 15 years.

🟢 The company beat analyst expectations across virtually all key metrics – revenue, earnings per share, gross margin, operating margin, and operating cash flow.

🟢 The Data Center & AI segment grew by 59%, confirming strong demand for AI infrastructure.

🟢 Intel Foundry continues its very strong growth (+31%), indicating that investments in manufacturing capacity are beginning to pay off.

🟢 Management provided a strong outlook for the third quarter and also raised planned full-year 2026 capital expenditures to 20 billion USD, reflecting confidence in long-term growth.

🔴 The only confusing point is the reported GAAP loss, which stems from a one-time accounting item and does not reflect the company's actual performance.

Overall Rating

🟢 9.5/10

Intel delivered some of its strongest results in recent years. The company significantly beat market expectations, offered an optimistic outlook for the next quarter, and demonstrated strong growth particularly in data center, AI, and the foundry business. If this trend continues, it could represent a major turning point for the company.