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Get filing alertsIntel reports Q2 revenue up 25% YoY to $16.1B, GAAP loss of $(2.16)/share on CHIPS Act charge
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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high
Q2 revenue $16.1B, up 25% YoY (strongest growth in 15+ years); Data Center & AI segment up 59% to $6.3B, Client Computing up 13% to $8.9B, Intel Foundry up 31% to $5.8B
Exhibit 99.1 view on EDGAR → -
high
GAAP EPS $(2.16) driven by $12.5B non-cash mark-to-market loss on Escrowed Shares tied to CHIPS Act agreement; non-GAAP EPS $0.42, exceeding guidance
Exhibit 99.1 view on EDGAR → -
high
Gross margin expanded 12.9 ppts YoY to 40.4% GAAP (41.8% non-GAAP), reflecting higher factory yields, improved execution, and favorable AI/data center product mix
Exhibit 99.1 view on EDGAR → -
high
Q3 2026 guidance: revenue $15.8B–$16.8B, GAAP EPS $0.31, non-GAAP EPS $0.38; reflects continued AI-driven demand and ongoing capacity investments
Exhibit 99.1 view on EDGAR → -
low
Press release includes non-GAAP measures with GAAP reconciliations; metrics will be referenced in Q2 earnings conference call
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
Summary
Intel reported second-quarter 2026 results showing its strongest revenue growth in over fifteen years, with total revenue of $16.1 billion up 25% year-over-year. The Data Center and AI segment led growth at 59%, reaching $6.3 billion, while Client Computing grew 13% to $8.9 billion and Intel Foundry revenue increased 31% to $5.8 billion.
Gross margin expanded sharply—up 12.9 percentage points to 40.4% on a GAAP basis—driven by higher factory yields, improved cycle times, and favorable product mix as AI-driven compute demand accelerated. The headline GAAP loss of $(2.16) per share reflects a $12.5 billion non-cash mark-to-market charge on Escrowed Shares related to Intel's CHIPS Act agreement, not operational underperformance.
Excluding this and other adjustments, non-GAAP EPS of $0.42 exceeded guidance. Third-quarter guidance calls for revenue of $15.8 billion to $16.8 billion and non-GAAP EPS of $0.38, with management citing ongoing investments in equipment, clean room space, and substrates to support continued AI and data center growth. The results demonstrate operational momentum and margin recovery, with the GAAP loss attributable to a one-time accounting treatment rather than business fundamentals.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Intel disclosed Q2 2026 financial results and Q3 2026 guidance via press release.
Added in current filing · verify on EDGAR →
On July 23, 2026, Intel Corporation (“Intel” or the "Company") issued a press release announcing the financial results of its second quarter ended June 27, 2026 and forward-looking statements relating to its third quarter of 2026.
Intel announced its second quarter 2026 financial results for the period ended June 27, 2026, and provided forward-looking guidance for the third quarter of 2026. The specific financial metrics are contained in the attached press release (Exhibit 99.1), which is incorporated by reference but not included in the 8-K body text.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify