Intel's Data Center Revenue Soared 59% in the Second Quarter. So, Why Did Wall Street Sell the Stock?

Intel reported impressive Q2 2026 earnings with 59% growth in its Data Center and AI division and 25% overall revenue growth—the fastest in 15 years. However, the stock fell 8% due to an $11.03 billion GAAP net loss (driven by a $12.5 billion non-cash CHIPS Act charge) and significantly higher capital expenditure guidance of $20 billion for 2026, up from original plans. While the core business is improving with strong margins and data center momentum, the unprofitable Foundry segment continues to drag on financials.