Q2 2026 earnings: Historic Revenue Breakout Masked by Accounting Noise Intel delivered its strongest revenue growth in 15 years, surging 25% YoY to $16.1B and decisively reversing the multi-year narrative of supply constraints and stagnation. The Data Center and AI (DCAI) segment exploded by 59% YoY, proving management's claim that 'the CPU is back' for agentic AI workloads. While a massive $12.5B non-cash mark-to-market charge tied to CHIPS Act escrowed shares resulted in a staggering $11.0B GAAP net loss, core operations shone brightly: non-GAAP EPS reached $0.42, and non-GAAP gross margin expanded 12.1 points YoY to 41.8%. Q3 guidance confirms stable, accelerating momentum.

     Look past the $11.0B GAAP net loss optical illusion. Intel's core engine is firing on all cylinders: supply bottlenecks are solved, Data Center is accelerating rapidly, and gross margins are structurally recovering.

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