Intel Reports First-Quarter 2026 Financial Results

Intel Corporation today reported first-quarter 2026 financial results.

"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," said Lip-Bu Tan, Intel CEO. "With a solid foundation in place, we are addressing this opportunity by listening to our customers and driving their success with our technical expertise and differentiated IP. This deliberate reset to how we operate drove a sixth consecutive quarter of revenue above our expectations, as well as new and deepened relationships with strategic partners."

"We delivered robust Q1 results, reflecting the growing and essential role of the CPU in the AI era and unprecedented demand for silicon, as well as our disciplined execution to expand available supply," said David Zinsner, Intel CFO. "We remain focused on maximizing our factory network to improve available supply and meet our customers' needs throughout the year."

Q1 2026 Financial Results

GAAP / Non-GAAP Q1 2026 vs. Q1 2025:

Revenue ($B): $13.6 | $12.7 | up 7%

Gross margin: 39.4% | 36.9% | up 2.5 ppts (Non-GAAP: 41.0% | 39.2% | up 1.8 ppts)

R&D and MG&A ($B): $4.4 | $4.8 | down 8% (Non-GAAP: $3.9 | $4.3 | down 9%)

Operating margin (loss): (23.1)% | (2.4)% | down 20.7 ppts (Non-GAAP: 12.3% | 5.4% | up 6.9 ppts)

Tax rate: (8.5)% | (51.4)% | up 42.9 ppts (Non-GAAP: 11.0% | 12.0% | down 1 ppt)

Net income (loss) attributable to Intel ($B): $(3.7) | $(0.8) | n/m (Non-GAAP: $1.5 | $0.6 | up 156%)

Earnings (loss) per share attributable to Intel, diluted: $(0.73) | $(0.19) | n/m (Non-GAAP: $0.29 | $0.13 | up 123%)

In the first quarter, the company generated $1.1 billion in cash from operations.

Business Unit Summary

The comparability of our Consolidated Condensed Financial Statements YoY was impacted by the deconsolidation of Altera. Altera, which was previously a wholly owned subsidiary, was deconsolidated from our Consolidated Condensed Financial Statements effective September 12, 2025, following the closing of the sale of 51% of Altera's issued and outstanding common stock. Altera's financial results of operations were included in our Consolidated Condensed Financial Statements, within the "all other" business unit category, through September 11, 2025.

Business Unit Revenue and Trends, Q1 2026 vs. Q1 2025:

About the company

Intel (Nasdaq: INTC) designs and manufactures advanced semiconductors that connect and power the modern world. Every day, our engineers create new technologies that enhance and shape the future of computing to enable new possibilities for every customer we serve. Learn more at www.intel.com.