Intel Q1: revenue ~$13.5–13.6B while foundry business continues to lose money
- Intel reported first-quarter 2026 revenue of $13.6 billion on April 23, beating Wall Street estimates, while posting a wider net loss as restructuring and impairment charges swelled. - The sharpest split was inside Intel Foundry: revenue reached $5.4 billion, including $174 million from external customers, but the unit still recorded a $2.4 billion operating loss. - The results extend Intel’s push to rebuild around artificial intelligence infrastructure, even as the manufacturing turnaround remains expensive and drags on profit. (intc.com)
Intel reported $13.6 billion in first-quarter 2026 revenue on April 23, but the chipmaker still lost $4.28 billion under generally accepted accounting principles. (intc.com) (cnbc.com) The revenue figure was up 7% from a year earlier, and adjusted earnings came in at $0.29 a share. Intel guided second-quarter revenue to $13.8 billion to $14.8 billion, with adjusted earnings of $0.20 a share. (intc.com) The loss widened from $887 million a year earlier after Intel booked about $4.07 billion in restructuring and impairment charges. Chief executive Lip-Bu Tan said the company is trying to match rising demand for central processors and packaging used in artificial intelligence systems. (cnbc.com) (intc.com) Intel’s product businesses were profitable enough to show where demand is landing. Data Center and AI revenue rose 22% year over year to $5.1 billion, while Client Computing revenue increased 4% to $7.6 billion. (intc.com) The drag is still the factory build-out. Intel Foundry generated $5.4 billion in revenue in the quarter, but it posted a $2.4 billion operating loss even after management said yields improved on Intel 4, Intel 3, and 18A process technologies. (download.intel.com) (fool.com) That gap explains the shape of Intel’s turnaround. The company is trying to sell chips and also act as a contract manufacturer, a model that requires heavy spending on plants, tools, and advanced packaging before outside customers arrive at scale. (cnbc.com) (intc.com) Intel said external foundry revenue was $174 million in the quarter, a small slice of the foundry total. Finance chief David Zinsner said advanced packaging demand now reaches “billions of dollars per year,” but that business is still being built out. (fool.com) (download.intel.com) The company is also cutting costs while it spends on the turnaround. In April 2025, Intel said it was lowering its 2025 non-GAAP operating expense target to about $17 billion and targeting $16 billion in 2026 as it streamlined management layers and operations. (intc.com) For now, Intel’s quarter showed two businesses moving at different speeds: CPUs and data-center products are growing again, while the foundry plan is still consuming billions. The next test is whether second-quarter growth arrives without another jump in restructuring costs. (intc.com) (cnbc.com)
