David Zinsner on supply constraints
From Intel Corp ($INTC) Q1 2026 Earnings Call · · Castify Earnings Call
“I probably not want to put a specific number. Let's just say it starts with a B. It's so it's meaningful.”
On , David Zinsner, Executive VP & CFO at Intel Corp, spoke about supply constraints during Intel Corp ($INTC) Q1 2026 Earnings Call on Castify Earnings Call.
About David Zinsner
David Zinsner, Intel's executive vice president and CFO, discussed the company's first-quarter 2026 financial results on an earnings call. He reported that Intel delivered Q1 non-GAAP earnings per share of $0.29, above the company's guidance of break-even, citing higher revenue, stronger gross margins, and spending discipline. Zinsner stated that first-quarter revenue was $13.6 billion, $1.4 billion above the midpoint of guidance, and noted that demand continues to outpace supply. He said that Intel's collective AI-driven businesses now represent 60% of revenue and grew 40% year-over-year. Zinsner also addressed capital expenditures and a recent transaction. He forecast that capital expenditures in 2026 would be flat compared to the prior year, a change from an earlier expectation of flat to down, attributing the increase to capacity investments for committed demand. Zinsner stated that Intel closed a transaction to repurchase the 49% equity interest in the joint investment in Fab 34 in Ireland, describing it as a "highly accretive deal." Regarding foundry customer demand, Zinsner said that opportunities he had thought would be in the "hundreds of millions of dollars" level are instead appearing at a "billions of dollars per year" level, calling it "meaningful."