Intel Corp. · INTC · Next earnings

Intel Corp. reports Thursday, Oct 22, 2026

INTC reports after market close with consensus EPS at $0.39 and revenue at $16.36B. Last quarter: Intel Beats on AI Strength, but Foundry Losses and Rising Capex Drag Shares

Reports After market close32 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.39 Calendar consensus
Consensus revenue $16.36B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session After market close 32 days away

Where INTC left off: FY2026 Q2

Full report

Intel Beats on AI Strength, but Foundry Losses and Rising Capex Drag Shares

EPS surprise +100.0% Reported $0.42 vs $0.21
Revenue surprise +11.7% Reported $16.13B vs $14.43B
Stock move -7.9% Event window
Subsequent drift -0.7% Up to 20 sessions

Intel maintained its overall revenue and EPS outlook, a shift from the raised guidance in Q1. However, capex guidance was raised to more than $20B for 2026, up from a previously stable outlook, driven by tooling investments, EMIB-T advanced packaging capacity, and U.S. fab build-outs. The second-half PC outlook was flagged as flat versus the strong 15% sequential growth seen in Q2.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Industry-wide supply constraints for wafers, memory, and substrates continue to limit the ability to meet demand.
  • Intel Foundry operating losses remain substantial at $2.1B against minimal external revenue of $293M.
  • Memory price inflation could dampen PC demand and pressure client-segment margins in the second half.
  • Inventory charges and stranded inventory in the client segment are impacting gross margins.
  • Tight server CPU supply may lead to under-shipping in Q4 if constraints are not resolved.

Questions analysts left open

  • Capex allocation between internal fab expansion and external foundry capacity.
  • Timing and revenue impact of supply constraints on Q4 performance.
  • Effect of inventory charges on gross-margin trajectory.
  • Competitive positioning versus AMD and ARM in server CPUs.
  • Commercial launch timeline and customer traction for the 14A node.

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-7.9%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.