Intel tops estimates with $0.42 EPS and $16.1 billion revenue

Intel reported adjusted second-quarter 2026 earnings per share of $0.42 on $16.13 billion in revenue, beating analyst expectations of $0.22 and $14.42 billion. Revenue rose 25.4% year over year, led by 59% growth in Data Center and AI revenue to $6.26 billion, while Client Computing and Physical AI rose 13% to $8.88 billion and Intel Foundry increased 31% to $5.76 billion. Intel also reported a GAAP net loss of $11.0 billion, or $2.16 per diluted share, tied to a $12.5 billion mark-to-market loss on escrowed shares under its CHIPS Act Secure Enclave agreement with the US Department of Commerce. Management said demand for AI server CPUs exceeds supply, said it has signed 10 long-term server CPU agreements, and raised planned 2026 capital spending to more than $20 billion. Intel guided for third-quarter revenue of $15.8 billion to $16.8 billion and non-GAAP EPS of $0.38, both above consensus. On July 24, Goldman Sachs analyst James Schneider maintained a Neutral rating and $150 price target, saying the stock could gain after the strong quarter, improved gross margin, and upbeat commentary on supply agreements and capital spending. Around the earnings release, Backpack’s tokenized Intel stock iNTC on Solana recorded $714,621 in 24-hour on-chain volume across 8,863 trades from 386 wallets.