Intel's revenue rises 25% to $16.13 billion in the second quarter, but net loss attributable to its shareholders widens to $11.03 billion

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Intel reported revenue of $16.13 billion for the quarter ended Jun 27, 2026, up 25.4% from $12.86 billion a year earlier. Operating income was $1.8 billion, against an operating loss of $3.18 billion. The net loss attributable to Intel's shareholders was $11.03 billion, against $2.92 billion a year earlier; counting non-controlling interests, the net loss was $10.85 billion, against $3.02 billion. The loss per diluted share was $2.16, against $0.67. The results come from Intel's Form 10-Q, filed on Jul 24, 2026; the adjustments, margins, headcount, outlook and explanations here come from its earnings release, filed on Jul 23, 2026.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14

Intel's release lists a $12.53 billion loss on the mark-to-market of Escrowed Shares among the adjustments from its GAAP net loss, the net loss under US accounting rules. Escrowed Shares are Intel shares held in escrow to be released to the US Department of Commerce as Intel performs and receives cash under its CHIPS Act Secure Enclave agreement with the US government. The release says the charge is the net change in fair value of shares released during the quarter and of shares still held in escrow at the quarter's end. It sits in "interest and other, net", which was an expense of $12.58 billion in the quarter. Non-GAAP net income attributable to Intel, a measure the company defines itself, was $2.2 billion, or $0.42 a share, against a non-GAAP loss of $441 million a year earlier.15^,16^,17^,18^,19^,20^,21

The Client Computing and Physical AI Group, formerly the Client Computing Group, reported revenue of $8.88 billion, up 12.8%. The Data Center and AI segment reported $6.26 billion, up 59.0%, and Intel Foundry $5.77 billion, up 30.5%. A footnote in the release says operating segment revenues include intersegment transactions, so totals may not sum. The release says Intel introduced Arc G-Series processors, a new family of products designed for next-generation handheld gaming systems. GAAP gross margin was 40.4%, against 27.5%. Chief financial officer Dave Zinsner said Intel exceeded its financial guidance on demand and execution, including volume upside from higher factory yields and improved cycle times. Chief executive Lip-Bu Tan said the second-quarter results represent Intel's strongest revenue growth in more than fifteen years.22^,23^,24^,25^,26^,27^,28^,29^,30^,31^,32^,33^,34

Intel says the deconsolidation of Altera, a programmable-chip business of which it sold 51% with effect from Sep 12, 2025, affected year-on-year comparisons; Altera's results are in Intel's statements through Sep 11, 2025. Total Intel employees numbered 82,300 at Jun 27, 2026, against 101,400 a year earlier, and the later count leaves out about 3.0 thousand Altera employees after the sale. For the third quarter of 2026, Intel forecasts revenue of $15.8 billion to $16.8 billion.35^,36^,37^,38^,39^,40^,41

In our records, a year-earlier figure of an SEC filer is kept as the latest filed, so we cannot tell whether this filing's year-earlier figures were restated.42