Intel reported an $11.0bn net loss in its second quarter of 2026 and the business was not losing money. Those two statements are both true, and the reconciliation between them is the single most misunderstood number in large-cap semiconductors. Intel closed at $95.80 on 4 September 2026, up 4.51%, having risen roughly 289% over twelve months from a low of $24.08. The loss that dominates every summary of the company is driven by a $13.6bn non-cas…
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