- Intel's Q2 2026 revenue of $16.13B rose 25.4% YoY, the strongest growth in more than fifteen years, with GAAP gross margin up 12.9 points YoY to 40.4% and non-GAAP operating margin swinging from (3.9)% to 17.2%.
- Data Center and AI was the primary engine, up 59% YoY to $6.26B, while Client Computing rose 13% to $8.88B and Intel Foundry rose 31% to $5.76B on improved factory yields and faster cycle times.
- Q3 2026 guidance calls for revenue of $15.8B–$16.8B, GAAP gross margin near 41.0%, non-GAAP gross margin near 42.0%, and non-GAAP EPS of $0.38, with Intel increasing investment in equipment, clean room space, and substrates.
- Despite the beat, INTC fell 15.3% in the session after the July 23 report and trailed the S&P 500 by 8.9% since, even as a Seeking Alpha analyst kept a Buy rating on agentic AI-driven CPU demand and a 60x forward earnings multiple with 25–67% upside if consensus-beating EPS growth persists.
引述
“AI is driving unprecedented demand for compute, and as we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise, ASICs, advanced packaging and vast wafer foundry network.”
“Intel Corporation maintains a 'Buy' rating, with agentic AI-driven CPU demand and strong earnings momentum supporting further upside.”