Intel reported second-quarter 2026 revenue of $16.1 billion, up 25% year over year, which CEO Lip-Bu Tan described on a July 23 earnings call as the company's strongest growth in more than 15 years. Data center and AI products led the gain at $6.3 billion, up 59%, while the foundry division and the newly renamed client computing and physical AI group grew at double-digit rates. Tan said demand continued to outstrip supply in the quarter ended June 27, and Intel raised 2026 capital spending to more than $20 billion from a prior range of $17 billion to $18 billion, directed at advanced manufacturing and packaging with the vast majority in the U.S., per CFO David Zinsner. Intel cited meaningfully improved 18A yields, ramping Panther Lake and Wildcat Lake, trial runs of 18A-P, and 14A trial runs in H2 2027 ahead of high-volume production in 2028. Third-quarter guidance is $15.8 billion to $16.8 billion.