Intel

Intel Q2 2026: $16.1B revenue +25% YoY, but $11B net loss on $13.6B mark-to-market charge on Escrowed Shares.

Intel reported second-quarter revenue of $16.1 billion, up 25% year-over-year from $12.9 billion in Q2 2025, reflecting accelerating demand. However, a $13.6 billion mark-to-market loss on Escrowed Shares — related to the company's foundry equity structure — drove net loss to $11.0 billion. Operating income turned positive at $1.8 billion versus a $3.2 billion operating loss in Q2 2025, signaling core business stabilization. Gross margin expanded to 40.3% from 27.5% YoY. The company reduced R&D spending 8.6% and restructuring charges fell to $170 million from $1.9 billion, showing cost discipline. Capital expenditures remain elevated at $6.2 billion for the first half, though government incentive proceeds offset some outflow.

Intel Corporation is a global semiconductor and technology company that designs and manufactures microprocessors, chipsets, and related products for computing, communications, and storage markets. The company operates across multiple segments serving data center, client computing, and emerging technology end markets. Intel also operates a foundry services business serving external customers.

Primary products

• Intel Core processors
• Data center CPUs
• AI accelerators (Gaudi)
• Foundry services
• Memory products