Intel executives detailed turnaround progress at the Deutsche Bank 2026 Technology Conference. The company reported improved manufacturing execution on its Intel 18A and 14A process nodes.
Management shifted its strategic focus toward rising demand in the data center and AI sectors. Intel projects strong growth in these segments through 2028.
Intel increased its 2026 capital spending forecast to $20 billion from $18 billion. Operating cash flow grew significantly year-over-year.
Sustained heavy investments continue to weigh on free cash flow. Analysts identified persistent operating losses in the foundry division as a major headwind.