intel yesterday released its financial results for the first quarter of 2026, reporting revenue of us$13.6 billion (approximately rmb 93 billion), up 7% year over year and marking the sixth consecutive quarter in which it has exceeded market expectations. although, under u.s. gaap, the company posted a quarterly net loss of us$3.7 billion, or us$0.73 per share, non-gaap net income—after excluding one-time items such as restructuring charges—came in at us$1.5 billion, with earnings per share of us$0.29, a substantial 123% increase from the prior-year period, underscoring a significant improvement in the profitability of its core businesses.
by business segment, the client computing group generated revenue of us$7.7 billion, up 1%; the data center and ai group delivered strong performance, with revenue of us$5.1 billion, up 22% year over year; and intel foundry services reported revenue of us$5.4 billion, an increase of 16%. since the company sold a 51% stake in altera in september 2025, that business is no longer included in the consolidated financial statements. operating cash flow totaled us$1.1 billion, and non-gaap gross margin expanded to 41.0%.
in terms of strategic partnerships, intel and google announced a multi-year collaboration to jointly deploy ponte vecchio gpus and customize asic-based infrastructure processing units. at the same time, intel unveiled mainstream processors built on the intel 18a process node and repurchased a minority stake in its fab 34 wafer fab in ireland. although the net loss was largely attributable to restructuring charges, the doubling of adjusted earnings and the robust performance of the data center and ai businesses have instilled confidence in intel’s transformation journey for the new year.
