Q1 26 EPS
$0.29
Q1 26 Revenue
$13.58B
BEAT +9.22%
Est. $12.43B
vs S&P Since Q1 26
+47.0%
BEATING MARKET
INTC +48.0% vs S&P +0.9%
Market Reaction
Did INTC Beat Earnings? Q1 2026 Results
Intel delivered a standout first quarter for fiscal 2026, with non-GAAP earnings per share of $0.29 clearing the $0.01 consensus estimate by a wide margin and revenue of $13.58 billion beating expectations by 9.22% while rising 7.2% year over year. T… Read more Intel delivered a standout first quarter for fiscal 2026, with non-GAAP earnings per share of $0.29 clearing the $0.01 consensus estimate by a wide margin and revenue of $13.58 billion beating expectations by 9.22% while rising 7.2% year over year. The headline driver was momentum in Intel's higher-growth businesses, particularly the Data Center and AI segment, which surged 22% year over year, and Intel Foundry revenue, which climbed 16%, together lifting non-GAAP gross margin to 41.0% from 39.2% a year ago. On a GAAP basis, results were considerably heavier, as a $4.07 billion restructuring charge tied largely to a Mobileye goodwill impairment widened the net loss to $3.73 billion. CEO Lip-Bu Tan pointed to AI inference and agentic workloads as durable demand catalysts, a thesis reinforced by a new multiyear partnership with Google and Intel's selection as the host CPU for NVIDIA's DGX Rubin systems. Looking ahead, Intel guided second-quarter revenue of $13.80 billion to $14.80 billion, with non-GAAP EPS of $0.20 and non-GAAP gross margin of approximately 39.0%.
Key Takeaways
- • Data Center and AI segment revenue grew 22% YoY driven by growing role of CPU in AI era
- • Intel Foundry revenue grew 16% YoY on unprecedented demand for silicon and advanced packaging
- • Non-GAAP gross margin expanded 1.8 percentage points YoY to 41.0%
- • Non-GAAP R&D and MG&A spending decreased 9% YoY to $3.9 billion
- • Sixth consecutive quarter of revenue above expectations
INTC Forward Guidance & Outlook
For Q2 2026, Intel expects revenue of $13.8 billion to $14.8 billion, GAAP gross margin of 37.5%, non-GAAP gross margin of 39.0%, GAAP EPS of $0.08, and non-GAAP EPS of $0.20 (based on revenue midpoint). GAAP tax rate is expected at 4% and non-GAAP tax rate at 11%. For full-year 2026, GAAP operating expenses are expected at approximately $22.7 billion and non-GAAP operating expenses at approximately $16.5 billion.
INTC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
INTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is significantly increasing the need for Intel's CPUs and wafer and advanced packaging offerings.”
— Lip-Bu Tan, Q1 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.29 | — | $13.58B | +9.22% |
| Q4 25 BEAT FY | $0.10 | $0.15 | +56.58% | $13.67B | — |
| 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% |