Intel posts $13.6bn Q1 revenue

Intel reported $13.6 billion in first-quarter 2026 revenue on April 23, above the high end of its own guidance. (intel.com) The chipmaker said revenue rose 7% from a year earlier, while non-GAAP earnings came in at $0.29 a share. Reported earnings were a loss of $0.73 a share. (intel.com 1) (intel.com 2) Intel forecast second-quarter revenue of $13.8 billion to $14.8 billion and non-GAAP earnings of $0.20 a share. The company said first-quarter revenue, gross margin and earnings per share all finished above the high end of guidance. (intel.com 1) (intel.com 2) Chief executive Lip-Bu Tan said the next phase of artificial intelligence is moving from training giant models toward inference and agentic systems, which shifts more computing closer to users and devices. Intel has been pitching that shift as a fit for its client and server processors. (intel.com 1) (intel.com 2) Intel’s investor site shows quarterly revenue climbing from $12.7 billion in the first quarter of 2025 to $13.6 billion in the first quarter of 2026. The company framed the latest report as its sixth consecutive quarter of exceeding financial expectations. (intel.com) (intel.com) The report also lands in the middle of Intel’s effort to rebuild its manufacturing business, which makes chips for outside customers as well as for Intel itself. That foundry push is central to the company’s broader turnaround plan. (intel.com) (intel.com) Reuters reported on April 22 that Tesla plans to use Intel’s 14A manufacturing process for chips tied to its Terafab project, which would make Tesla a major outside customer for that next-generation node. Intel’s quarterly release did not name Tesla. (msn.com) (intel.com) For now, the cleanest takeaway from Intel’s quarter is narrower than the hype around it: sales grew, guidance moved higher, and management said demand stayed strong enough to beat its own targets again. (intel.com) (intel.com)