Intel lifts CapEx guidance to $20 billion for 2026
INTC•Intel raises 2026 capital expenditure guidance and beats estimates
July 23 (Reuters) - Intel Corp INTC.O:
- Intel plans to raise capital expenditures from $18 billion to $20 billion for 2026, CFO David Zinsner said in an interview.
- Intel Q2 non-GAAP gross margin was 41.8%, versus the IBES estimate of 38.76%.
- Intel Q2 revenue was $16.13 billion, versus the IBES estimate of $14.42 billion.
- Intel Q2 adjusted EPS was $0.42, versus the IBES estimate of $0.21.
- Intel said its Q2 consolidated condensed financial statements year over year were impacted by the deconsolidation of Altera.
- Intel outlook for Q3 non-GAAP gross margin is 42.0%, versus the IBES estimate of 39.77%.
- Intel outlook for Q3 adjusted EPS is $0.38, versus the IBES estimate of $0.27.
- Intel outlook for Q3 revenue is $15.8 billion-$16.8 billion, versus the IBES estimate of .
