SAN FRANCISCO, April 23 (Xinhua) -- Intel Corporation on Thursday reported its financial results for the first quarter of 2026, with revenue of 13.6 billion U.S. dollars, up 7 percent year over year.
The company's generally accepted accounting principles (GAAP) quarterly net loss attributable to Intel was 3.7 billion dollars, compared with a net loss of 800 million dollars a year earlier.
Intel's GAAP first-quarter loss per share attributable to Intel was 0.73 dollars, compared with a loss of 0.19 dollars a year ago. Its non-GAAP earnings per share were 0.29 dollars, up from 0.13 dollars year over year.
In the first quarter, the company generated 1.1 billion dollars in cash from operations.
The company's GAAP gross margin was 39.4 percent, up 2.5 percentage points year over year. Its non-GAAP gross margin was 41 percent, up 1.8 percentage points from a year earlier.
Intel's client computing group reported revenue of 7.7 billion dollars, up 1 percent year over year. Its data center and artificial intelligence (AI) business posted revenue of 5.1 billion dollars, up 22 percent. Intel foundry revenue was 5.4 billion dollars, up 16 percent.
"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 Intel CEO Lip-Bu Tan.
"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 Intel CFO David Zinsner. "We remain focused on maximizing our factory network to improve available supply and meet our customers' needs throughout the year."
Intel said its guidance for the second quarter of 2026 includes revenue in the range of 13.8 billion dollars to 14.8 billion dollars. The company expects GAAP diluted earnings per share attributable to Intel of 0.08 dollars, and non-GAAP diluted earnings per share attributable to Intel of 0.20 dollars for the second quarter. ■