Intel missed Q1 2026 forecasts due to unmet AI chip demand, supply issues, and delayed 14A investments.

Intel missed Q1 2026 revenue and profit forecasts due to an inability to meet rising demand for AI-driven server chips, despite operating factories at full capacity. The company cited supply constraints, underestimation of hyperscaler demand, and production challenges with its 18A process as major factors. Shares fell 13% following the earnings report, as Intel prioritized data center Xeon processors over client chips. While the company expects supply to improve in Q2, it has delayed major investments in its 14A manufacturing process due to customer commitments.