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Intel Earnings: Can Foundry Losses Stop the Turnaround?

Intel will report its second‑quarter 2026 earnings on July 23, and the results will show how losses in its foundry business are interacting with a high‑NA EUV lithography ramp and new leadership, which could affect margins, capital spending and guidance.

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What happened

Intel will report its second‑quarter 2026 earnings on July 23, and the results will show how losses in its foundry business are interacting with a high‑NA EUV lithography ramp and new leadership, which could affect margins, capital spending and guidance.

Confirmed

Global impact / market context

The foundry losses and EUV ramp are central to Intel’s plan to become a leading chip maker; any change in margins or spending will directly influence the company’s profitability and its ability to compete with rivals.

Analyst inference

Investors watch Intel because the semiconductor sector is experiencing strong demand for advanced nodes; shifts in Intel’s cost structure or outlook can move broader chip stocks and affect overall technology‑sector sentiment.

Analyst inference

What to watch

  1. Whether Intel’s Q2 margins improve or decline, indicating the financial impact of the foundry losses and EUV investment. Analyst inference
  2. Updates on the high‑NA EUV ramp, showing progress in advanced chip production that could boost future revenue. Analyst inference
  3. Guidance on capital expenditures and future earnings, revealing how new leadership plans to allocate spending to support the turnaround. Analyst inference

Evidence