Q2 2026 Intel Corp Earnings Call Transcript
Key Points
- Intel Corp (INTC) reported revenue, gross margin, and earnings per share above guidance for the seventh consecutive quarter.
- The company is experiencing the strongest revenue growth in over 15 years, driven by strong demand for its products.
- Intel Corp (INTC) has deepened its collaboration with Google Cloud to accelerate its AI-first strategy.
- The company is seeing significant progress and confidence in its Intel Foundry process roadmap, with 18A output exceeding internal volume targets.
- Intel Corp (INTC) reported a 70% year-over-year growth in its AI-driven businesses, contributing significantly to overall revenue.
- The industry is facing severe supply constraints, particularly in leading-edge logic, silicon wafers, memory, and substrates, which are expected to persist.
- Intel Corp (INTC) reported an operating loss in its Intel Foundry segment, although it was better than the previous quarter.
- The company is experiencing challenges in meeting the growing demand due to supply chain constraints, particularly in substrates and memory.
- Despite strong demand, the PC market is expected to be sub-seasonal in the second half of the year, impacted by rising memory prices and constraints.
- Intel Corp (INTC) is increasing its capital expenditures significantly, which could impact cash flow and require careful financial management.
Thank you for standing by, and welcome to Intel Corporations' second-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, today's program is being recorded.
And now, I'd like to introduce your host for today's program, Mr. John Pitzer, Vice President, Investor Relations. Please go ahead, sir.
Thank you, Jonathan, and good afternoon to everyone joining us today. By now, you should have received a copy of the Q2 earnings release and presentation. Both are available on our Investor Relations website, intc.com.
For those joining us online today, this presentation is also available on our webcast window. I am joined today by our CEO, Lip-Bu Tan; and our CFO, David Zinsner. Lip-Bu will open up with comments on second-quarter results and update the progress we're making on strategic priorities. Dave will then discuss our overall financial results, including third-quarter guidance, before we transition to answer your questions.
Before we begin, please
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