Intel beats Q2 on $6.3B AI revenue and lifts 2026 capex to $20B
ryanshrout · x · 2026-07-24
Intel beat Q2 expectations across revenue, EPS, gross margin, and AI revenue.
- Revenue: $16.1B vs. $14.4B expected
- EPS: $0.42 vs. $0.11 expected
- AI revenue: $6.3B vs. $5.5B expected
- Gross margin: 42% vs. 39% expected
- Q3 guidance: revenue $16.4B, EPS $0.38
- Capex: 2026 rises from $18B to $20B; 2027 is expected to be “up meaningfully”
Related event: Intel Q2 Earnings Beat Expectations, AI and Foundry Demand Drive Up CapEx(11 posts)→
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