Overview

• At a Goldman Sachs conference, Intel’s John Pitzer said an Arrow Lake refresh will arrive in 2026 with Nova Lake slated for late 2026 into 2027.
• Pitzer acknowledged “holes to fill on the desktop front” but said the company remains confident in its roadmap.
• He stated Nova Lake is expected to deliver “leadership across the board on desktop” upon launch.
• Because Nova Lake spans notebook and desktop, Intel anticipates a significant increase in 18A wafer starts, asserting average selling prices per wafer will rise three times faster than costs.
• Intel says it can breakeven exiting 2027 without large external foundry revenue, with Panther Lake serving as an initial, lower-volume 18A step focused on mobile.