Intel (INTC): FY26 Q2 earnings call, Jul 23, 2026

…meaningful opportunity for us in our product business as well as our foundry business. Industry is facing one of the most severe supply constraints in…

…our x86 CPU franchise, our advanced packaging technology, and our vast wafer foundry network. As AI expands from training to inference and increasingly to agentic…

Let me talk first about Intel Foundry. My confidence in our foundry process roadmap has grown significantly since joining over a year ago. I am…

…to meet the challenge. The successful volume ramp of 18A for our internal products provide important validations as our Intel Foundry engages with external customers.

…ramp of 18A for our internal products provides important validations as Intel Foundry engages with external customers. We still have work to do to establish…

…our CFO, David Zinsner. Lip-Bu will open up with comments on second quarter results and update the progress we're making on strategic priorities. Dave will…

…targets, driven by improving yields, better cycle times, and increasing wafer starts. 18A output increased meaningfully in the quarter. Yields continue to track ahead of…

…continue to be very high. Technology is compelling, providing capabilities for advanced AI silicon solutions, which are not possible with today's mainstream offerings. We continue…

…across cloud and enterprise as customers increasingly recognize the critical role that CPUs in general, and x86 CPUs in particular, play in the AI infrastructure.

…beginning to show tangible results. Today, we are seeing the strongest revenue growth in more than 15 years. Our cultural transformation continues. Our organization is…

…are clear. Leverage on our x86 computing franchise to strengthen our product leadership and establish Intel Foundry as a world-class wafer and packaging foundry business.

…from compute dominant by system on chip towards system in package, our advanced packaging and wafer foundry capabilities become increasingly vital assets. Our strategy is…

…guide. Collectively, our AI-driven businesses grew greater than 70% year-over-year, including record data center growth, and contributed approximately 70% of revenue. It's important to note…

…compute, and eventually accelerators. Our recently announced collaboration with Fortinet for their security processor is a strong step forward in our ASIC strategy in the…

…significantly versus our expectations entering the year. We're also aggressively locking in tool purchase orders from our vendors, accelerating our clean room build-outs, and actively…

Yeah, maybe I can start first, Then Dave can chip in. I think clearly it's a good question. I think I mentioned earlier the demand…

…and we progress. On the packaging side, we are already getting significant backlogs, so we already know we need to ramp that up, and that's…