Intel blows past estimates, recording fastest sales growth in almost 15 years on 'unprecedented' demand
Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. However, the stock has been in a slump more recently, dropping 28% in July. Despite the recent downturn, the company is getting a boost from the artificial intelligence infrastructure boom, which is helping sales of its server processors.
- ▪Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations.
- ▪However, the stock has been in a slump more recently, dropping 28% in July.
- ▪Despite the recent downturn, the company is getting a boost from the artificial intelligence infrastructure boom, which is helping sales of its server processors.
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Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock jumped 11% in extended trading. Here's how the chipmaker did versus LSEG consensus estimatesEarnings per share: 42 cents, adjusted, versus 21 cents expectedRevenue: $16.1 billion, versus $14.42 billion expectedIntel shares are up over 170% so far in 2026 as of Thursday's close after soaring 84% last year, when the U.S. government took a 10% stake in the company as part of an effort to support U.S. chip manufacturing. However, the stock has been in a slump more recently, dropping 28% in July.
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