INTC · Intel Q2 FY2026 earnings call record财报电话会记录

“The successful volume ramp of 18A for our internal products provide important validations as our Intel Foundry engages with external customers.”

“We also began risk production of 18A-P, providing additional performance and power advantages while maintaining IP and design compatibility with Intel 18A, positioning 18A-P as a competitive node for external customers.”

“With encouraging external customer progress and increased demand for our internal products, we remain on track for 14A risk production for our internal products in the second half of 2027, and we make the decision in Q2 to fully commit to high volume ramp in 2028.”

“In our core PC client segment, Intel 18A is now in volume production across multiple commercial and consumer products.”

“Collectively, our AI-driven businesses grew greater than 70% year-over-year, including record data center growth, and contributed approximately 70% of revenue.”

“We delivered second quarter non-GAAP earnings per share of $0.42 versus our guidance of $0.20 on higher revenue, stronger gross margins, and solid operating leverage.”

“Operating profit for CCPG was $2.3 billion, 26% of revenue and down approximately $173 million quarter-over-quarter due to inventory charges taken to optimize our factory network through overall customer demand across client and server.”

“Our client group has now brought 18A to full scale with 400+ designs for Series 3 across consumer and commercial.”

“In addition, DCAI further enhanced our connectivity offerings by introducing new controller and adapter products supporting data center, enterprise, and telco applications, which scale from 10 GbE-200 GbE.”

“Turning to Intel Foundry, revenue of $5.8 billion was up 6% sequentially on higher fab volumes driven by strong growth in Intel 18A, with output approximately 25% above target and up more than 50% quarter-over-quarter.”

“At the midpoint of $16.3 billion, we forecast gross margin of 42%, a tax rate of 11%, and EPS of $0.38, all on a non-GAAP basis.”

“As a result, we're forecasting 2027 capital expenditures to be significantly above the 2026 levels, with the vast majority spent across our U.S.”