Want to see INTC full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.21Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 39 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of strong operational and commercial momentum—revenue and margin beats, rapid product ramps, robust AI-driven revenue growth (+40% YoY), and improving foundry output (+20% QoQ). At the same time, material near-term financial headwinds remain: negative adjusted free cash flow in the quarter, a substantial foundry operating loss, supply constraints limiting upside, rising input costs, and an elevated OpEx/CapEx profile following the Fab 34 buyout. Overall, the positives (demand strength, product ramps, technology progress, partnerships, and margin outperformance) appear to meaningfully outweigh the near-term lowlights tied to ramp costs and supply/cost pressures.Company Guidance
Revenue Beat and Guidance Outperformance
Q1 revenue of $13.6 billion, $1.4 billion above the midpoint of guidance; sixth consecutive quarter exceeding financial expectations. Q2 revenue guidance $13.8–$14.8 billion (+2% to +9% sequentially) with a midpoint of $14.3 billion.
Strong Gross Margin and EPS Beat
Non-GAAP gross margin of 41%, approximately 650 basis points ahead of guidance. Non-GAAP EPS of $0.29 versus guidance of breakeven (includes ~ $0.06 one-time gain). Q2 gross margin guided to ~39% at the midpoint.
AI-Driven Revenue Momentum
Collective AI-driven businesses represent 60% of revenue and grew 40% year-over-year, signaling strong secular demand for CPU-anchored AI infrastructure and increased CPU share in AI stacks.
Data Center and DCAI Growth
DCAI revenue $5.1 billion, +7% sequentially and +22% year-over-year; DCAI operating profit $1.5 billion (31% of revenue), up ~ $292 million quarter-over-quarter. Xeon 6 in strong customer traction and selected as host CPU for NVIDIA DGX Rubin NVL8.
Client Group Execution and Product Ramp
CCG revenue $7.7 billion (down 6% sequentially) but operating profit improved to $2.5 billion (33% of revenue), up ~ $300 million QoQ driven by improved mix, pricing, and better 18A yields. Core Ultra Series 3 and Intel Core Series 3 in full volume ramp—the fastest new product ramp in five years.
Foundry Revenue and Technology Progress
Intel Foundry revenue $5.4 billion, up 20% sequentially driven by increased EUV wafer mix (Intel 3) and advanced packaging growth. Intel 18A wafer output running ahead of internal projections; Intel 14A maturity outpacing 18A at a similar stage with earlier design commitments expected in 2026–2027.
Advanced Packaging and ASIC Momentum
Advanced packaging backlog increased; ASIC-related revenue grew >30% sequentially and nearly doubled year-over-year. Company indicates ASIC run-rate north of $1B and expects advanced packaging to be a multi-billion-per-year business over the decade.
Capital Allocation and Capacity Actions
Q1 gross CapEx of $5.0 billion; full-year CapEx called flat year-over-year with tool spend expected to be up ~25% YoY to accelerate wafer outs. Closed buyout of Fab 34 (funded with ~$7.7B cash and $6.5B debt) to capture full economic benefit of a fab already ramping output.
Customer Contracts and Strategic Partnerships
Signed multiple long-term agreements including Google (multi-year, volume/pricing LTAs), partnership with SambaNova for heterogeneous inference architectures, and broad collaboration with SpaceX/xAI/Tesla on TeraFab initiatives—enhancing market credibility and demand visibility.
Operational Improvements
Improved yields and cycle times across Intel 3, Intel 4, and 18A driving higher throughput; first-quarter operating cash flow $1.1 billion and six straight quarters of surpassing expectations attributed to stronger execution and customer collaboration.
INTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $66.78 | $82.54 | +23.60% |
Jan 22, 2026 | $54.32 | $45.07 | -17.03% |
Oct 23, 2025 | $38.16 | $38.28 | +0.31% |
Jul 24, 2025 | $22.63 | $20.70 | -8.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Intel (INTC) report earnings?
Intel (INTC) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Intel (INTC) earnings time?
Intel (INTC) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INTC EPS forecast?
INTC EPS forecast for the fiscal quarter 2026 (Q2) is 0.21.
