David Zinsner on Q1 2026 financial results
From Intel Corp ($INTC) Q1 2026 Earnings Call · · Castify Earnings Call
“We delivered robust Q1 results reflecting strong demand and better than expected available supply. We also benefited from improved product mix and pricing actions in part to offset higher costs. First quarter revenue was $13.6 billion, $1.4 billion above the midpoint of our guide. Q1 revenue would have been meaningfully higher, but demand continues to outpace our growing supply.”
On , David Zinsner, Executive VP & CFO at Intel Corp, spoke about Q1 2026 financial results during Intel Corp ($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."