Q2 26 EPS
$0.42
BEAT +93.91%
Est. $0.22
Q2 26 Revenue
$16.13B
BEAT +11.64%
Est. $14.45B
vs S&P Since Q2 26
-10.6%
TRAILING MARKET
INTC -6.4% vs S&P +4.2%
Market Reaction
Did INTC Beat Earnings? Q2 2026 Results
Intel posted a blowout second quarter for fiscal 2026, reporting revenue of $16.13 billion, up 25.4% year-over-year and ahead of the $14.45 billion consensus by 11.64%, while non-GAAP EPS of $0.42 beat the $0.22 estimate by 93.10%, swinging sharply f… Read more Intel posted a blowout second quarter for fiscal 2026, reporting revenue of $16.13 billion, up 25.4% year-over-year and ahead of the $14.45 billion consensus by 11.64%, while non-GAAP EPS of $0.42 beat the $0.22 estimate by 93.10%, swinging sharply from a non-GAAP loss of $0.10 per share in the year-ago period. The primary engine behind the outperformance was a 59% surge in Data Center and AI revenue to $6.26 billion, reflecting accelerating demand for AI-driven compute that has broadly energized the semiconductor sector. Client Computing also contributed, rising 13% to $8.88 billion, while Intel Foundry posted a 31% revenue gain to $5.76 billion on improved factory yields and faster cycle times. On a GAAP basis, Intel recorded a net loss of $2.16 per share, driven by a $12.53 billion non-cash charge tied to its CHIPS Act escrow arrangement. Looking ahead, Intel guided Q3 2026 revenue of $15.80 billion to $16.80 billion with non-GAAP EPS of $0.38, signaling continued momentum as the company ramps capital investment to support expected growth across products and foundry.
Key Takeaways
- • AI-driven compute demand driving 59% YoY growth in DCAI revenue
- • Higher factory yields and improved cycle times providing volume upside
- • 25% total revenue growth YoY, described as strongest in more than fifteen years
- • GAAP gross margin improvement of 12.9 percentage points YoY to 40.4%
- • Non-GAAP operating margin swung from (3.9)% to 17.2%
INTC Forward Guidance & Outlook
For Q3 2026, Intel guided revenue of $15.8 billion to $16.8 billion, with GAAP gross margin of approximately 41.0% and non-GAAP gross margin of approximately 42.0%. GAAP EPS is expected at $0.31 and non-GAAP EPS at $0.38 (based on midpoint of revenue range). GAAP tax rate is projected at 1% and non-GAAP tax rate at 11%. For full-year 2026, GAAP operating expenses are expected at approximately $23.0 billion and non-GAAP operating expenses at approximately $16.5 billion. The company noted it is meaningfully increasing investments in equipment, clean room space, and substrates to support expected growth this year and next across products and foundry.
INTC YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
INTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Lip-Bu Tan, Q2 2026 Earnings Press Release
INTC Earnings Trends
INTC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
INTC EPS Trend
Earnings per share: estimate vs actual
INTC Revenue Trend
Quarterly revenue: estimate vs actual
INTC Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.22 | $0.42 | +93.91% | $16.13B | +11.64% |
| Q1 26 BEAT | $0.01 | $0.29 | +2,183.46% | $13.58B | +9.22% |
| Q4 25 BEAT FY | $0.08 | $0.15 | +80.72% | $13.67B | +2.11% |
| FY Full Year | $0.34 | $0.42 | +22.95% | $52.85B | +0.54% |
| Q3 25 BEAT | $0.01 | $0.23 | +3,050.68% | $13.65B | +3.92% |
| Q2 25 MISS | $0.01 | $-0.10 | -1,175.27% | $12.86B | +8.22% |
| Q1 25 BEAT | $0.00 | $0.13 | +2,788.89% | $12.67B | +2.88% |