Intel | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 16.13 B

Revenue: As of FY2026 Q2, the actual value is USD 16.13 B, beating the estimate of USD 14.45 B.

EPS: As of FY2026 Q2, the actual value is USD -2.16, missing the estimate of USD 0.0763.

EBIT: As of FY2026 Q2, the actual value is USD -10.78 B.

Q2 2026 Financial Results (GAAP)

Gross Margin: The GAAP gross margin was 40.4%, up 12.9 percentage points YoY.
Operating Costs (R&D and MG&A): Research and development (R&D) and marketing, general, and administrative (MG&A) expenses were $4.5 billion, a decrease of 6% YoY.
Operating Margin: The GAAP operating margin was 11.1%, an increase of 35.8 percentage points YoY.
Net Income (Loss) Attributable to Intel: Net loss attributable to Intel Corporation was - $11.0 billion.

Q2 2026 Financial Results (Non-GAAP)

Gross Margin: The non-GAAP gross margin was 41.8%, up 12.1 percentage points YoY.
Operating Costs (R&D and MG&A): Non-GAAP R&D and MG&A expenses were $4.0 billion, down 8% YoY.
Operating Margin: The non-GAAP operating margin was 17.2%, an increase of 21.1 percentage points YoY.
Net Income (Loss) Attributable to Intel: Non-GAAP net income attributable to Intel Corporation was $2.2 billion.

Segment Revenue (Q2 2026)

Client Computing and Physical AI Group (CCPG): Revenue was $8.9 billion, up 13% YoY.
Data Center and AI (DCAI): Revenue was $6.3 billion, up 59% YoY.
Total Intel Products Revenue: This segment generated $15.1 billion in revenue, an increase of 28% YoY.
Intel Foundry: Revenue was $5.8 billion, up 31% YoY.
All Other: Revenue from this category was $0.7 billion, down 33% YoY.

Cash Flow (Q2 2026)

Operating Cash Flow: Intel Corporation generated $7.0 billion in cash from operations during the second quarter.
Adjusted Free Cash Flow: Adjusted free cash flow for the second quarter was - $8,419 million.

Business Outlook (Q3 2026)

Intel Corporation forecasts third-quarter 2026 revenue to be between $15.8 billion and $16.8 billion. The company anticipates a GAAP gross margin of 41.0% and a non-GAAP gross margin of 42.0%. Diluted earnings per share attributable to Intel are projected at $0.31 on a GAAP basis and $0.38 on a non-GAAP basis.