Intel reported Q2 2026 quarterly revenue of $16.1 billion on July 23, a 25% increase year-over-year from $12.9 billion in Q2 2025. That is the company’s strongest revenue growth in more than 15 years. Non-GAAP earnings per share came in at $0.42, against analyst expectations of approximately $0.21.
The AI segment did the heavy lifting
The Data Center and AI segment grew 59% year-over-year to $6.3 billion. The Client Computing segment added $8.9 billion, up 13% from a year ago.
Gross margins came in at 40.4% on a GAAP basis, up 12.9 percentage points year-over-year. Non-GAAP gross margin reached 41.8%. CFO Dave Zinsner pointed to improved factory yields and faster cycle times as the explanation for that margin expansion.
GAAP results still showed a net loss, driven by one-time items.
