Intel grows foundry revenue as CPU market share continues to fall

what happened

TradingView reports that Intel Corporation (NASDAQ:INTC) posted higher foundry revenue, narrower operating losses and new customers including AWS and Apple. Foundry revenue reached $5.4 billion in the first quarter, up 16% year over year, and $5.8 billion in the second quarter, up 31%. The company also moved forward with qualification of its 14A process.

At the same time, Intel’s third-quarter laptop CPU share fell to 68.1%, compared with 29.3% for AMD and 2.2% for Qualcomm. Panther Lake, based on 18A, accounted for about 1.8% of Intel laptops, while the company’s desktop CPU share declined to roughly 76%. Mizuho lifted its Intel target to $114 from $92, citing demand linked to AI-agent workloads and wider server-computing growth through 2030.

The U.S. Supreme Court heard Anderson v. Intel Corp., a case concerning whether retirement-plan plaintiffs must identify a meaningful benchmark in fiduciary-breach claims related to Intel’s 401(k) investment options. Justices questioned comparisons between unlike funds, potentially indicating support for Intel and the 9th Circuit’s ruling. Intel is expected to report earnings around October 22, 2026; analysts forecast EPS of $0.39 and revenue of approximately $16.41 billion. CEO Lip-Bu Tan warned that capital costs and investor return demands could constrain large-scale AI investment.

why it matters

Markets are weighing improving foundry operations against Intel’s declining CPU share. The upcoming earnings report may clarify how capital constraints, AI investment plans and legal proceedings affect the company’s outlook.

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