Intel tops Q2, raises Q3 outlook on AI-led demand
TL;DR Summary
Intel beat Q2 estimates with EPS of $0.38 on $16.1 billion revenue, vs. $0.21 and $14.43B expected, and guided Q3 revenue to $15.8–$16.8B (above consensus). Data-center revenue reached about $6.3B and client computing about $8.9B; the company is boosting AI-focused investments and its foundry efforts. Intel also announced layoffs in its data-center unit as part of a broader restructuring. Shares jumped roughly 7% on the news.
- Intel tops Q2 estimates on top and bottom lines, offers upbeat Q3 outlook Yahoo Finance
- Intel's stock jumps 11% as chipmaker rides AI boom to fastest revenue growth in almost 15 years CNBC
- Intel sales, profit forecast beat estimates, boosts spending plans on AI boom Reuters
- Here’s How Much Traders See Intel Stock Moving After Earnings Investopedia
- Intel Earnings Arrive as Chip Stocks Continue to Wobble Barron's
Reading Insights
Total Reads
0
Unique Readers
5
Time Saved
18 min
vs 18 min read
Condensed
98%
3,597 → 66 words
Want the full story? Read the original article
Read on Yahoo Finance