Restructuring Costs Lead to Losses: U.S. Semiconductor Firms Highlight AI and Foundry Growth

Intel Corp (NASDAQ: INTC) reported first-quarter 2026 revenue of $13.6 billion, up 7% year-over-year. However, after approximately $4.1 billion in restructuring charges—including a goodwill impairment related to Mobileye—the company posted a GAAP net loss of $3.7 billion, or $0.73 per share.

On a non-GAAP basis, Intel generated net income of $1.5 billion, or $0.29 per share, highlighting growth in its Data Center & AI and Intel Foundry segments.

For the second quarter, Intel expects revenue of $13.8 billion to $14.8 billion, with GAAP earnings of $0.08 per share and non-GAAP earnings of $0.20 per share.

Recently, Intel announced a multi-year strategic collaboration with Google Cloud to advance AI and cloud infrastructure, supplying Xeon CPUs and custom IPUs to Google’s data centers and strengthening their AI infrastructure partnership. The company also expanded its cooperation with SambaNova Systems on an Agentic AI server platform based on Xeon 6, broadening its reference designs to meet rising data center AI demand.

As a leading U.S. CPU and semiconductor foundry company, Intel focuses on PC and server x86 processors, AI acceleration infrastructure, and investments in advanced process technologies. In the global data center computing and AI semiconductor market, Intel and AMD remain core players but face intensifying competition from TSMC, Samsung and big-tech firms developing their own ARM-based chips.