Intel reported Q1 2026 revenue of $13.6 billion (7% YoY) with non-GAAP EPS of $0.29, up 123% year-over-year, beating analyst expectations. The Data Center and AI segment grew 22% YoY to $5.1 billion, driven by demand for Xeon 6 processors. Intel simultaneously announced a multiyear collaboration with Google to deploy Xeon 6 across Google Cloud workloads and co-develop custom ASIC infrastructure processing units (IPUs) for AI inference. Intel guided Q2 2026 revenue of $13.8–$14.8 billion.