Intel Posts Sharp Revenue Rebound and Foundry Growth While Reporting a Large GAAP Loss

Overview

• Intel reported $16.128 billion in revenue for fiscal Q2, a 25% year‑over‑year increase driven by stronger server and core product sales.
• The company recorded a GAAP net loss attributable to shareholders of $11.033 billion for the quarter, a much larger loss than a year earlier.
• Data Center and AI revenue rose to $6.3 billion, up 59% year‑over‑year, making AI and server demand the primary near‑term growth driver.
• Intel Foundry delivered $5.8 billion in Q2 revenue, up 31% year‑over‑year, and management said Intel 18A capacity and yields have risen materially while unit costs for advanced SKUs have fallen.
• Management accelerated the Intel 14A roadmap to start risk production in the second half of 2027 with mass production expected in 2028 and raised 2026 capex guidance above $20 billion while forecasting Q3 revenue of $15.8 billion to $16.8 billion and warning of short‑term processor supply tightness and weaker PC demand.