Intel's AI Comeback
Intel reported $13.6B revenue and $0.29 EPS, with Data Center revenue surging 22% to $5.1B. The company's Foundry segment generated $5.4B revenue but incurred $2.4B losses, highlighting execution risk.
Intel delivered $13.6B revenue and $0.29 EPS, exceeding expectations. Data Center revenue surged 22% to $5.1B with 31% margins, despite share losses to AMD. Non-GAAP profitability improved to 41% gross margins. Intel's Foundry segment generated $5.4B revenue, but only $174M was external, and it incurred $2.4B losses. The company deployed ~$5B CapEx to scale manufacturing capacity, resulting in negative free cash flow of -$2B. Intel's outlook is shifting due to changes in the AI domain.
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