Intel’s Comeback Raises Concerns as Foundry Loss Reaches $2.1B
Intel shares have risen 278% in a year, but the company’s foundry is still bleeding: a $2.1B quarterly loss consumed most of the $2.5B operating profit from its data center AI unit. Trailing results show a 7.6% margin on $57B revenue. Costs are easing as yields and cycle times improve, while 2026 capex tops $20B and 2027 is forecast higher.