David Zinsner on advanced packaging
From Intel Corp ($INTC) Q1 2026 Earnings Call · · Castify Earnings Call
“I think maybe naively I had thought that these opportunities would come in the hundreds of millions of dollars level but so far what we're seeing is that their demand is more in the billions of dollars per year kind of level. So this is going to be a big part of the foundry revenue as we get through this decade.”
On , David Zinsner, Executive VP & CFO at Intel Corp, spoke about advanced packaging during Intel Corp ($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."