Intel Corporation · 2026 Q2
ReportedJul 23, 2026
Period endedJun 30, 2026
Rule of 40+53
Consensus vs reported
EPS · NON-GAAP
BEAT +100%
$0.42
vs $0.21 expected
QoQ—
YoY—
Revenue
BEAT +12%
$16.13B
vs $14.42B expected
QoQ+18.8%
YoY+25.4%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
Reported this quarter
Revenue
$16.13B
QoQ +18.8%
YoY +25.4%
EPS
-$2.16
QoQ -195.9%
YoY -222.4%
Free Cash Flow
$4.45B
QoQ —
YoY —
Gross Margin
40.4%
QoQ +1.0 pp
YoY +12.8 pp
FCF Margin
27.6%
QoQ +46.3 pp
YoY +39.3 pp
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- An $11 billion GAAP loss that gets worse when the stock does. The $12.529B mark-to-market charge is on shares held in escrow for the Department of Commerce under the CHIPS Act Secure Enclave agreement — up to 433.3 million shares, 158.7 million escrowed.
- The operating quarter underneath it was the strongest in fifteen years. Revenue $16.1B, +25% — the fastest growth since 2011 — non-GAAP EPS $0.42 against a $0.21 consensus , and $7.0B of operating cash flow.
- Data Center & AI is genuinely reaccelerating. $6.3B, +59% , carrying $2.5B of operating profit inside Intel Products revenue of $15.1B. The server CPU line the market had written off is the one paying.
- Foundry is still the unresolved half. Revenue +31% to $5.8B against a $2.1B segment operating loss . The revenue growth is real and so is the loss; nothing in the release moves that question either way.
- The capex bill is what took the 13% pop back. More than $20B of 2026 capital expenditure , with 2027 guided "significantly above" it — landing on a stock that had already risen 257% in the first half and fallen 28% in July.
Coverage around this release
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | -$3.88 | — |
| 2024 Q4 | — | -$0.03 | — |
| 2025 Q1 | — | -$0.19 | — |
| 2025 Q2 | — | -$0.67 | — |
| 2025 Q3 | — | $0.90 | — |
| 2025 Q4 | — | -$0.12 | — |
| 2026 Q1 | — | -$0.73 | — |
| 2026 Q2 | $0.21 | $0.42 | +100% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 50863.
HTML
8-K results announcement
Filed Jul 23, 2026
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
400 KB
HTML
Filing index
Every document in the 8-K submission
TXT
Complete submission
Raw archival text of the whole filing
HTML
10-Q quarterly report
Period ended Jun 27, 2026, filed Jul 24, 2026
ZIP
XBRL data bundle
Structured financial statements from the 10-Q
JSON
Company facts (XBRL)
Every figure INTC has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for 2026 Q2, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings