Intel reported a strong first quarter of 2026 in revenue and non-GAAP gross margin, but GAAP results remained negative due to total other income and ongoing ramp costs. Q1 revenue was $13.58 billion, with non-GAAP gross margin at 41% and GAAP gross margin below that due to higher costs associated with ramp timing, while net income on a GAAP basis was negative as reported. Management emphasized the acceleration of AI-related demand and the strategic importance of CPU-centric AI architectures, including Xeon server momentum, the Intel Foundry optimizations, and the continued ramp of Intel 18A and 14A process technologies. The company reiterated a clear path to higher supply and a multi-year growth trajectory centred on CPU-led AI infrastructure, advanced packaging, and a broader foundry ecosystem, while guiding for continued near-term margin headwinds from 18A ramp, memory and wafer-cost pressures, and ongoing investments in 14A initiatives.