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Intel (INTC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Intel (INTC) reported revenue of $13.6B for the first quarter 2026 (Q1 2026), +7% from a year earlier and -0.7% from the quarter before. Operating margin was -23.1%, net loss $4.3B (31.5% of revenue).
Intel, Q1 2026: revenue $13.6B (+7% year over year), operating margin -23.1%, net loss $4.3B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6B | -0.7% | +7% |
| Operating profit | −$3.1B | -641% | — |
| Net earnings | −$4.3B | — | — |
| Operating cash flow | $1.1B | -74% | +35% |
What changed
Revenue was $13.6B in Q1 2026, up 7% year over year and down 1% from the previous quarter.
Gross margin was 39.4%, up 2.5 points from Q1 2025. Operating costs exceeded revenue by $3.1B, an operating margin of -23.1%. Operating expenses grew 71% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+2509%). The quarter ended with a net loss of $4.3B, wider than the previous quarter's $0.33B loss. Minority interests bore $0.55B of it: to shareholders the quarter was a loss of $3.7B.
Operating cash flow was $1.1B (up 35% year over year). Non-cash charges added back $3.1B of depreciation and amortization and $0.62B of share-based compensation. Working capital and other items added $1.6B. Capital expenditures of $3.6B exceeded it, leaving free cash flow of −$2.5B.
Questions
What was Intel's revenue in the first quarter 2026?
Intel (INTC) reported revenue of $13.6B for the first quarter 2026 (Q1 2026), +7% from a year earlier and -0.7% from the quarter before.
Was Intel profitable in the first quarter 2026?
Operating loss was $3.1B (-23.1% of revenue) and net loss $4.3B.
Source: Intel 10-Q on SEC EDGAR.