Quick Read – Intel’s sixth straight revenue beat featured 22% Data Center and AI growth, while Qualcomm’s record $1.3 billion auto quarter offset a 13% handset decline. – Intel pours capital into manufacturing with $5 billion in quarterly capex, while Qualcomm returns cash by…
thorizing a $20 billion share repurchase. – Intel’s stock has surged 263% year to date, likely already pricing in foundry success not yet visible in GAAP profits, making Qualcomm the easier valuation to underwrite. – Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM) both just delivered earnings that tell very different stories about how to win in AI silicon. Intel posted a sixth straight revenue beat while absorbing a $4.07 billion Mobileye charge
Qualcomm landed its fourth consecutive EPS beat with handset weakness offset by record auto. Foundry Momentum Carries Intel. Cars Carry Qualcomm.
Intel’s Q1 FY2026 earnings report showed $13.577 billion in revenue, up 7.2% year over year, with Data Center and AI climbing 22% to $5.052 billion and Intel Foundry up 16%. CEO Lip-Bu Tan framed the moment plainly: “The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic.” Non-GAAP gross margin expanded to 41%, a real signal that the 18A ramp is paying off. Qualcomm’s quarter looked steadier and stranger.