Recent Updates — INTC
Intel reported second-quarter 2026 revenue of $16.1 billion, a 25% increase year-over-year. The company reported a GAAP net loss of $11.0 billion, resulting in a GAAP EPS of $(2.16), while non-GAAP EPS was $0.42. For the third quarter of 2026, Intel forecasts revenue between $15.8 billion and $16.8 billion, with a GAAP EPS of $0.31 and non-GAAP EPS of $0.38. Key operational highlights include the launch of Xeon 6+ and the entry of Intel 18A-P into risk production. The company also announced a €5 billion investment to expand manufacturing capacity for Xeon processors. Intel designs and manufactures advanced semiconductors.
Intel Corporation issued $6.5 billion in aggregate principal amount of senior notes with maturities ranging from 2031 to 2066. The offering consists of five tranches with interest rates between 4.650% and 6.200%, resulting in net proceeds of approximately $6.47 billion.
Scott Gawel, Intel Corporation's Corporate Vice President and Chief Accounting Officer, resigned from his position as principal accounting officer effective April 24, 2026. David A. Zinsner, Executive Vice President and Chief Financial Officer, has assumed the role of principal accounting officer in addition to his existing responsibilities.
Intel Corporation announced its financial results for the first quarter ended March 28, 2026, via a press release issued on April 23, 2026. The filing also includes forward-looking statements regarding the company's financial outlook for the second quarter of 2026.
Intel Corporation repurchased a 49% equity interest in its Fab 34 joint venture in Ireland from Apollo-managed funds for $14.2 billion. The transaction was financed through cash on hand and a $6.5 billion bridge loan, resulting in Intel owning 100% of the joint venture.