Intel Reports Third-Quarter 2026 Financial Results
News Summary
- Third-quarter revenue was $16.5 billion, up 21% year-over-year (YoY).
- Third-quarter earnings per share (EPS) attributable to Intel was $0.60; non-GAAP EPS attributable to Intel was $0.52.
- Forecasting fourth-quarter 2026 revenue of $15.0 billion to $16.0 billion; forecasting fourth-quarter EPS attributable to Intel of $0.10 and non-GAAP EPS attributable to Intel of $0.25.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today reported third-quarter 2026 financial results.
“Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology,” said Lip-Bu Tan, Intel CEO. “Despite near-term headwinds across the PC industry, demand for our CPUs remains robust, reinforcing our confidence in the long-term growth opportunities for our business. Our immediate priority is to unlock additional supply to meet extraordinary demand for our Xeon family, while strengthening our product portfolio and roadmap. We are moving with urgency and focus to capitalize on these opportunities to deliver sustainable growth and long-term shareholder value.”
“We delivered another solid quarter. Revenue, gross margin and earnings per share exceeded guidance, including our strongest data center revenue growth in 15 years,” said David Zinsner, Intel CFO. “Looking ahead, we see the PC slowdown continuing at least through the first half of next year, but we remain optimistic about the opportunities across our broader portfolio, and we will continue making disciplined investments in capacity and working capital to increase supply and support future growth.”
Q3 2026 Financial Results
| GAAP | Non-GAAP | ||||||||||
| Q3 2026 | Q3 2025 | vs. Q3 2025 | Q3 2026 | Q3 2025 | vs. Q3 2025 | ||||||
Revenue ($B) | $16.5 |
| $13.7 |
| up 21% |
|
|
|
|
|
| |
Gross margin | 43.0% |
| 38.2% |
| up 4.8 ppts |
| 44.1% |
| 40.0% |
| up 4.1 ppts | |
R&D and MG&A ($B) | $4.5 |
| $4.4 |
| up 4% |
| $4.1 |
| $3.9 |
| up 3% | |
Operating margin | 15.3% |
| 5.0% |
| up 10.3 ppts |
| 19.6% |
| 11.2% |
| up 8.4 ppts | |
Tax rate | 11.6% |
| 6.6% |
| up 5 ppts |
| 11.0% |
| 12.0% |
| down 1 ppt | |
Net income attributable to Intel ($B) | $3.3 |
| $4.1 |
| down 18% |
| $2.8 |
| $1.0 |
| up 169% | |
Earnings per share attributable to Intel—diluted | $0.60 |
| $0.90 |
| down 33% |
| $0.52 |
| $0.23 |
| up 126% | |
Full reconciliations between GAAP and non-GAAP measures are provided below. | ||||||||||||
In the third quarter, the company generated $5.1 billion in cash from operations.
Business Unit Summary
Business Unit Revenue and Trends (In Billions) |
| Q3 20261 |
| vs. Q3 2025 |
Intel Products: |
|
|
|
|
Client Computing and Physical AI Group (CCPG)2 |
| $8.1 |
| down 5% |
Data Center and AI (DCAI) |
| 7.3 |
| up 78% |
Total Intel Products revenue |
| 15.4 |
| up 22% |
Intel Foundry |
| 6.7 |
| up 58% |
All Other3 |
| 0.7 |
| down 30% |
Intersegment eliminations |
| (6.3) |
|
|
Total net revenue |
| $16.5 |
| up 21% |
1 | Operating segment revenues include intersegment transactions and are presented as actual and rounded; as a result, totals may not sum. | |
2 | CCPG was referred to as the Client Computing Group (CCG) in Q1 2026 and earlier periods. | |
3 | Altera, previously a wholly owned subsidiary, was deconsolidated following the sale of 51% of its common stock on September 12, 2025. Altera's results of operations were included in Intel's Consolidated Condensed Financial Statements through September 11, 2025. |
Business Highlights
Company Momentum
- Completed a $23 billion public equity offering to support future growth opportunities while maintaining a strong balance sheet and investment-grade rating.
- Announced plans to acquire Classiq, combining its quantum software synthesis platform with Intel’s spin-qubit manufacturing and software expertise to create a full-stack quantum computing platform.
Product Momentum
- Announced plans for a multiyear collaboration with Oracle intended to expand Intel® Xeon®-based computing on Oracle Cloud Infrastructure (OCI), which is expected to span current and future Intel Xeon platforms, including planned OCI X14 offerings powered by Intel’s next-generation server processor code-named Diamond Rapids.
- Shared new technical details on the Intel® GPU D-series, formerly code-named Crescent Island, introduced new Intel Xeon-based rack designs and highlighted open software and ecosystem innovations at OCP Global Summit 2026. Intel also demonstrated day-0 support for Meta's Muse Spark Open, which has been tested and is running on the upcoming Intel GPU D-series and Intel Xeon platforms.
- Showcased three architectures for Agentic AI and Enterprise-scale workloads at Hot Chips 2026: next-generation Intel Xeon code-named Diamond Rapids for high-performance orchestration, Intel GPU D-series for efficient inference, and Intel® Core™ Series 3 for intelligent client and edge computing.
- Announced the first Googlebook devices powered by Intel Core Ultra Series 3 processors with premium devices from Acer, ASUS and Lenovo, bringing together Google's next-generation computing and Intel's flagship client platform.
- Collaborated with AMD to bring x86 CPU optimizations for PyTorch together in oneDNN, simplifying AI development and deployment across Intel and AMD CPUs.
- Announced a collaboration with SAP to bridge business IT systems and the operational technology that controls physical equipment and processes through Physical AI.
Foundry Momentum
- Released Intel 14A 0.9 process design kit (PDK) in October.
- Announced a collaboration with Lens Technology, combining Intel's advanced packaging expertise with Lens Technology's precision glass processing capabilities to enable advanced semiconductor packaging for the AI era.
- Completed the RAMP-C program, enabling validated prototypes, ecosystem readiness and early customer engagement to accelerate momentum for Secure Enclave.
- Announced a collaboration with ASML to accelerate industry readiness for High-NA EUV manufacturing.
- Collaborated with Lam Research and Applied Materials on new facilities to expand capacity and enable joint R&D in process technology and manufacturing equipment.
Culture & Leadership
- Appointed Dean Jarnac as executive vice president and chief sales officer, leading Intel's global sales organization and strengthening customer relationships and go-to-market execution across the company's product portfolio.
Business Outlook
Intel's guidance for the fourth quarter of 2026 includes both GAAP and non-GAAP estimates as follows:
Q4 2026 |
| GAAP |
| Non-GAAP |
Revenue ($B) |
| $15.0 - $16.0 |
|
|
Gross margin |
| 37.1% |
| 38.0% |
Tax Rate |
| 31% |
| 11% |
Earnings (Loss) Per Share Attributable to Intel—Diluted |
| $0.10 |
| $0.25 |
Reconciliations between GAAP and non-GAAP financial measures are included below. Actual results may differ materially from Intel’s business outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below. The gross margin and EPS outlooks are based on the midpoint of the revenue range.
Earnings Webcast
Intel will hold a public webcast at 2 p.m. PT today to discuss the results for its third quarter. The live public webcast can be accessed on Intel's Investor Relations website at www.intc.com. The corresponding earnings presentation and webcast replay will also be available on the site.
Forward-Looking Statements
This release contains forward-looking statements that involve a number of risks and uncertainties. Words such as "accelerate", "achieve", "aim", "ambitions", "anticipate", "believe", "committed", "continue", "could", "designed", "estimate", "expect", "forecast", "future", "goals", "grow", "guidance", "intend", "likely", "may", "might", "milestones", "next-generation", "objective", "on track", "opportunity", "outlook", "pending", "plan", "position", "possible", "potential", "predict", "progress", "ramp", "roadmap", "seek", "should", "strive", "targets", "to be", "upcoming", "will", "would" and variations of such words and similar expressions are intended to identify such forward-looking statements, which may include statements regarding:
- our business plans and strategy and anticipated benefits therefrom;
- projections of our future financial performance, including future revenue, gross profits, capital expenditures and cash flows;
- projected costs and yield trends;
- future cash requirements, the availability, uses, sufficiency and cost of capital resources, and sources of funding, including for future capital and R&D investments and for returns to stockholders, and credit ratings expectations;
- future products, services and technologies, and the expected goals, timeline, ramps, progress, availability, production, regulation and benefits of such products, services and technologies, including future process nodes and packaging technologies, product roadmaps, schedules, future product architectures, expectations regarding process performance, per-watt parity and metrics, and expectations regarding product and process competitiveness;
- internal and external manufacturing plans, including future internal manufacturing volumes, manufacturing expansion plans and the financing therefor, and external foundry usage;
- future production capacity and product supply;
- supply expectations, including regarding constraints, limitations, pricing, and industry shortages;
- plans and goals related to Intel's foundry business, including with respect to anticipated customers, future manufacturing capacity and service, technology and IP offerings;
- expected timing and impact of acquisitions, divestitures and other significant transactions;
- expected completion and impacts of restructuring activities and cost-saving or efficiency initiatives;
- social and environmental performance goals, measures, strategies and results;
- our anticipated growth, future market share, customer demand and trends in our businesses and operations;
- projected growth and trends in markets relevant to our businesses;
- anticipated trends and impacts related to industry component, substrate and foundry capacity utilization, shortages and constraints;
- expectations regarding government funding, incentives, policies and priorities;
- technology trends and developments, including with respect to AI;
- macroeconomic conditions;
- geopolitical tensions and conflicts, including with respect to international trade policies in areas such as tariffs and export controls, and their potential impact on our business;
- tax- and accounting-related expectations;
- expectations regarding our relationships with certain sanctioned parties; and
- other characterizations of future events or circumstances.
Such statements involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied, including those associated with:
- the high level of competition and rapid technological change in our industry;
- the significant, long-term and inherently risky investments we are making in R&D and manufacturing facilities that may not realize a favorable return;
- the complexities and uncertainties in developing and implementing new semiconductor products and manufacturing process technologies;
- our pursuit of Intel 14A and other next-generation leading-edge process technologies, our investments in manufacturing expansion projects to manufacture products using such technologies and our efforts to secure product design wins with and demand commitments from potential significant external customers for the manufacture of products using such technologies;
- alternative financing arrangements and pursuit of government grants;
- the U.S. government's acquisition of significant equity interests in us;
- changes in product demand and margins;
- macroeconomic conditions and geopolitical tensions and conflicts, including geopolitical and trade tensions between the U.S. and China, tensions and conflict affecting Israel and the Middle East, rising tensions between mainland China and Taiwan and the impacts of Russia's war on Ukraine;
- recently elevated geopolitical tensions, volatility and uncertainty with respect to international trade policies, including tariffs and export controls, impacting our business, the markets in which we compete and the world economy;
- the evolving market for products with AI capabilities;
- our complex global supply chain supporting our manufacturing facilities and incorporating external foundries, including from disruptions, delays, trade tensions and conflicts, or shortages, including current industry-wide substrate and memory shortages;
- product defects, errata and other product issues, particularly as we develop next-generation products and implement next-generation manufacturing process technologies;
- potential security vulnerabilities in our products;
- increasing and evolving cybersecurity threats and privacy risks;
- IP risks including related litigation and regulatory proceedings;
- the need to attract, retain and motivate key talent;
- strategic transactions and investments;
- sales-related risks, including customer concentration and the use of distributors and other third parties;
- our debt obligations and our ability to access sources of capital;
- complex and evolving laws and regulations across many jurisdictions;
- catastrophic events;
- fluctuations in currency exchange rates;
- changes in our effective tax rate and applicable tax regimes;
- environmental, health, safety and product regulations; and
- other risks and uncertainties described in this report, our 2025 Form 10-K, our Q1 2026 Form 10-Q, our Q2 2026 Form 10-Q, our Q3 2026 Form 10-Q and our other filings with the SEC.
Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made in this release and in other documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business.
Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions or other business combinations that have not been completed as of the date of this filing. In addition, the forward-looking statements in this release are based on management's expectations as of the date of this release, unless an earlier date is specified, including expectations based on third-party information and projections that management believes to be reputable. We do not undertake, and expressly disclaim any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.
About Intel
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.
© Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.
Intel Corporation | ||||||||
Consolidated Condensed Statements of Operations and Other Information | ||||||||
|
| Three Months Ended | ||||||
(In Millions, Except Per Share Amounts; Unaudited) |
| Sep 26, 2026 |
| Sep 27, 2025 | ||||
Net revenue |
| $ | 16,513 |
|
| $ | 13,653 |
|
Cost of sales |
|
| 9,417 |
|
|
| 8,435 |
|
Gross profit |
|
| 7,096 |
|
|
| 5,218 |
|
Research and development |
|
| 3,490 |
|
|
| 3,231 |
|
Marketing, general, and administrative |
|
| 1,030 |
|
|
| 1,129 |
|
Restructuring and other charges |
|
| 54 |
|
|
| 175 |
|
Operating expenses |
|
| 4,574 |
|
|
| 4,535 |
|
Operating income (loss) |
|
| 2,522 |
|
|
| 683 |
|
Gains (losses) on equity investments, net |
|
| 330 |
|
|
| 221 |
|
Interest and other, net |
|
| 1,130 |
|
|
| 3,670 |
|
Income (loss) before taxes |
|
| 3,982 |
|
|
| 4,574 |
|
Provision for (benefit from) taxes |
|
| 462 |
|
|
| 304 |
|
Net income (loss) |
|
| 3,520 |
|
|
| 4,270 |
|
Less: net income (loss) attributable to non-controlling interests |
|
| 200 |
|
|
| 207 |
|
Net income (loss) attributable to Intel |
| $ | 3,320 |
|
| $ | 4,063 |
|
Earnings (loss) per share attributable to Intel—basic |
| $ | 0.63 |
|
| $ | 0.90 |
|
Earnings (loss) per share attributable to Intel—diluted1 |
| $ | 0.60 |
|
| $ | 0.90 |
|
Weighted average shares of common stock outstanding: |
|
|
|
| ||||
Basic |
|
| 5,244 |
|
|
| 4,514 |
|
Diluted |
|
| 5,307 |
|
|
| 4,531 |
|
1 | For the three months ended September 26, 2026 and September 27, 2025, earnings per share attributable to Intel-diluted has been calculated by adjusting net income attributable to Intel for the gain of $120 million and loss of $2 million, respectively, related to the mark-to-market of that portion of the derivative liability that is attributable to 5 million and 342 thousand, respectively, contingent Escrowed Shares that were included in the weighted average shares of common stock outstanding-diluted during the period. |
Other information: |
|
|
|
|
|
|
(In Thousands; Unaudited) |
| Sep 26, 2026 |
| Jun 27, 2026 |
| Sep 27, 2025 |
Employees |
|
|
|
|
|
|
Intel |
| 76.5 |
| 77.6 |
| 83.3 |
Mobileye and other subsidiaries |
| 4.6 |
| 4.7 |
| 5.1 |
Total Intel |
| 81.1 |
| 82.3 |
| 88.4 |
|
|
|
|
|
|
|
Intel Corporation Consolidated Condensed Balance Sheets | |||||||
(In Millions, Except Par Value; Unaudited) |
| Sep 26, 2026 |
| Dec 27, 2025 | |||
Assets |
|
|
|
| |||
Current assets: |
|
|
|
| |||
Cash and cash equivalents |
| $ | 21,846 |
|
| $ | 14,265 |
Short-term investments |
|
| 32,159 |
|
|
| 23,151 |
Accounts receivable, net |
|
| 4,093 |
|
|
| 3,839 |
Inventories |
|
|
|
| |||
Raw materials |
|
| 1,233 |
|
|
| 993 |
Work in process |
|
| 8,797 |
|
|
| 7,840 |
Finished goods |
|
| 3,038 |
|
|
| 2,785 |
|
|
| 13,068 |
|
|
| 11,618 |
Other current assets |
|
| 11,408 |
|
|
| 10,815 |
Total current assets |
|
| 82,574 |
|
|
| 63,688 |
|
|
|
|
| |||
Property, plant, and equipment, net |
|
| 105,314 |
|
|
| 105,414 |
Equity investments |
|
| 8,798 |
|
|
| 8,512 |
Goodwill |
|
| 20,465 |
|
|
| 23,912 |
Identified intangible assets, net |
|
| 2,444 |
|
|
| 2,772 |
Other long-term assets |
|
| 8,979 |
|
|
| 7,131 |
Total assets |
| $ | 228,574 |
|
| $ | 211,429 |
|
|
|
|
| |||
Liabilities and stockholders' equity |
|
|
|
| |||
Current liabilities: |
|
|
|
| |||
Accounts payable |
|
| 8,831 |
|
|
| 9,882 |
Accrued compensation and benefits |
|
| 3,905 |
|
|
| 3,990 |
Short-term debt |
|
| 3,817 |
|
|
| 2,499 |
Other accrued liabilities |
|
| 20,843 |
|
|
| 15,204 |
Total current liabilities |
|
| 37,396 |
|
|
| 31,575 |
|
|
|
|
| |||
Debt |
|
| 46,317 |
|
|
| 44,086 |
Other long-term liabilities |
|
| 13,305 |
|
|
| 9,408 |
Stockholders' equity |
|
|
|
| |||
Common stock and capital in excess of par value, 5,310 shares issued and outstanding (4,994 issued and outstanding as of December 27, 2025) |
|
| 78,177 |
|
|
| 65,185 |
Accumulated other comprehensive income (loss) |
|
| (232 | ) |
|
| 113 |
Retained earnings |
|
| 36,969 |
|
|
| 48,983 |
Total Intel stockholders' equity |
|
| 114,914 |
|
|
| 114,281 |
Non-controlling interests |
|
| 16,642 |
|
|
| 12,079 |
Total stockholders' equity |
|
| 131,556 |
|
|
| 126,360 |
Total liabilities and stockholders’ equity |
| $ | 228,574 |
|
| $ | 211,429 |
Intel Corporation Consolidated Condensed Statements of Cash Flows | ||||||||
|
| Nine Months Ended | ||||||
(In Millions; Unaudited) |
| Sep 26, 2026 |
| Sep 27, 2025 | ||||
|
|
|
|
| ||||
Cash, cash equivalents, and restricted cash, beginning of period |
| $ | 14,712 |
|
| $ | 8,249 |
|
Cash flows provided by (used for) operating activities: |
|
|
|
| ||||
Net income (loss) |
|
| (11,609 | ) |
|
| 359 |
|
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| ||||
Depreciation |
|
| 8,933 |
|
|
| 7,971 |
|
Share-based compensation |
|
| 1,894 |
|
|
| 1,896 |
|
Restructuring and other charges |
|
| 3,969 |
|
|
| 372 |
|
Amortization of intangibles |
|
| 659 |
|
|
| 708 |
|
(Gains) losses on equity investments, net |
|
| (219 | ) |
|
| (611 | ) |
Mark-to-market (gains) losses on Escrowed Shares1 |
|
| 12,614 |
|
|
| 1,687 |
|
(Gains) losses on divestitures |
|
| 18 |
|
|
| (5,355 | ) |
Deferred taxes |
|
| 56 |
|
|
| 123 |
|
Impairments and net (gain) loss on retirement of property, plant, and equipment |
|
| 140 |
|
|
| 465 |
|
Changes in assets and liabilities: |
|
|
|
| ||||
Accounts receivable |
|
| (281 | ) |
|
| 162 |
|
Inventories |
|
| (1,450 | ) |
|
| (9 | ) |
Accounts payable |
|
| 821 |
|
|
| (281 | ) |
Accrued compensation and benefits |
|
| (207 | ) |
|
| 541 |
|
Income taxes |
|
| (405 | ) |
|
| (1,196 | ) |
Other assets and liabilities |
|
| (1,749 | ) |
|
| (1,423 | ) |
Total adjustments |
|
| 24,793 |
|
|
| 5,050 |
|
Net cash provided by (used for) operating activities |
|
| 13,184 |
|
|
| 5,409 |
|
Cash flows provided by (used for) investing activities: |
|
|
|
| ||||
Additions to property, plant, and equipment |
|
| (10,216 | ) |
|
| (11,158 | ) |
Proceeds from capital-related government incentives |
|
| 215 |
|
|
| 1,018 |
|
Acquisitions, net of cash acquired |
|
| (596 | ) |
|
| — |
|
Purchases of short-term investments |
|
| (32,151 | ) |
|
| (16,401 | ) |
Maturities of short-term investments |
|
| 10,767 |
|
|
| 8,236 |
|
Sales of short-term investments |
|
| 11,911 |
|
|
| 2,728 |
|
Sales of equity investments |
|
| 401 |
|
|
| 642 |
|
Proceeds from divestitures, net |
|
| — |
|
|
| 6,186 |
|
Other investing |
|
| (590 | ) |
|
| 494 |
|
Net cash provided by (used for) investing activities |
|
| (20,259 | ) |
|
| (8,255 | ) |
Cash flows provided by (used for) financing activities: |
|
|
|
| ||||
Issuance of commercial paper, net of issuance costs |
|
| — |
|
|
| 3,493 |
|
Repayment of commercial paper |
|
| — |
|
|
| (3,493 | ) |
Payments on finance leases |
|
| (951 | ) |
|
| (103 | ) |
Partner contributions |
|
| 5,032 |
|
|
| 3,652 |
|
Partner distributions |
|
| (14,442 | ) |
|
| (159 | ) |
Net proceeds from sales of subsidiary shares |
|
| — |
|
|
| 922 |
|
Additions to property, plant, and equipment |
|
| (1,618 | ) |
|
| (2,493 | ) |
Issuance of term debt, net of issuance costs |
|
| 13,000 |
|
|
| — |
|
Repayments of term debt |
|
| (9,000 | ) |
|
| (3,750 | ) |
Proceeds from sales of common stock through employee equity incentive plans |
|
| 736 |
|
|
| 777 |
|
Net proceeds attributed to common stock and warrants issued, and Escrowed Shares1 |
|
| 440 |
|
|
| 7,682 |
|
Net proceeds from public offering of common stock |
|
| 22,617 |
|
|
| — |
|
Restricted stock unit withholdings |
|
| (907 | ) |
|
| (286 | ) |
Other financing |
|
| (146 | ) |
|
| (504 | ) |
Net cash provided by (used for) financing activities |
|
| 14,761 |
|
|
| 5,738 |
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
| 7,686 |
|
|
| 2,892 |
|
Cash, cash equivalents, and restricted cash, end of period |
| $ | 22,398 |
|
| $ | 11,141 |
|
1 | Escrowed Shares refer to shares of Intel common stock held in escrow to be released to the U.S. Department of Commerce (DOC) as we perform and receive cash proceeds in connection with our CHIPS Act Secure Enclave agreement with the U.S. Government. | |
Intel Corporation Supplemental Operating Segment Results | |||||||||||||||||||||||||||
|
| Three Months Ended | |||||||||||||||||||||||||
(In Millions; Unaudited) |
| Sep 26, 2026 | |||||||||||||||||||||||||
|
| Intel Products |
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
| CCPG1 |
| DCAI |
| Total Intel Products |
| Intel Foundry |
| All Other2 |
| Corporate Unallocated |
| Intersegment Eliminations |
| Total Consolidated | |||||||||||
Revenue |
| $ | 8,097 |
| $ | 7,318 |
| $ | 15,415 |
| $ | 6,697 |
|
| $ | 692 |
| $ | — |
|
| $ | (6,291 | ) |
| $ | 16,513 |
Cost of sales and operating expenses |
|
| 5,812 |
|
| 4,279 |
|
| 10,091 |
|
| 8,550 |
|
|
| 513 |
|
| 1,058 |
|
|
| (6,221 | ) |
|
| 13,991 |
Operating income (loss) |
| $ | 2,285 |
| $ | 3,039 |
| $ | 5,324 |
| $ | (1,853 | ) |
| $ | 179 |
| $ | (1,058 | ) |
| $ | (70 | ) |
| $ | 2,522 |
|
| Three Months Ended | |||||||||||||||||||||||||
(In Millions; Unaudited) |
| Sep 27, 2025 | |||||||||||||||||||||||||
|
| Intel Products |
|
|
|
|
|
|
|
|
|
| |||||||||||||||
|
| CCPG1 |
| DCAI |
| Total Intel Products |
| Intel Foundry |
| All Other2 |
| Corporate Unallocated |
| Intersegment Eliminations |
| Total Consolidated | |||||||||||
Revenue |
| $ | 8,535 |
| $ | 4,117 |
| $ | 12,652 |
| $ | 4,235 |
|
| $ | 993 |
| $ | — |
|
| $ | (4,227 | ) |
| $ | 13,653 |
Cost of sales and operating expenses |
|
| 5,841 |
|
| 3,153 |
|
| 8,994 |
|
| 6,556 |
|
|
| 893 |
|
| 782 |
|
|
| (4,255 | ) |
|
| 12,970 |
Operating income (loss) |
| $ | 2,694 |
| $ | 964 |
| $ | 3,658 |
| $ | (2,321 | ) |
| $ | 100 |
| $ | (782 | ) |
| $ | 28 |
|
| $ | 683 |
1 | CCPG was referred to as the Client Computing Group (CCG) in Q1 2026 and earlier periods. | |
2 | The "All Other" category includes the results of operations from other non-reportable segments, including our Mobileye business, our IMS business, startup businesses that support our initiatives, and historical results of operations from divested businesses, including Altera, which we divested on September 12, 2025. Altera's results were included within "All Other" for periods presented through September 11, 2025. | |
Intel Corporation
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Media Relations
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