INTC Intel Corp

What the last report said

Thu, Jul 23, 2026

Intel Q2: Non-GAAP EPS $0.42 (+100% vs consensus), revenue $16.1B (+25% YoY), but GAAP net loss of $11.0B driven by $13.6B mark-to-market loss on Escrowed Shares; core operations significantly above consensus, gross margin up 12.9pp YoY

• Revenue up 25% YoY to $16.1B — strongest YoY growth in 15 years — driven by DCAI ($6.3B, +59% YoY), CCPG ($8.9B, +13% YoY), and Foundry ($5.8B, +31% YoY)
• Gross margin up 12.9pp YoY to 40.4%, driven by AI-driven product mix shift and improved factory yields/cycle times
• Non-GAAP EPS of $0.42 beat consensus by 100%, powered by revenue strength, margin expansion, and R&D & MG&A expenses down 6% YoY ($4.5B vs $4.8B)
• $7.0B operating cash flow generated, supporting $6.2B CapEx — signaling accelerated execution on AI infrastructure investment

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