Intel posted its strongest revenue growth in more than 15 years. The company's data center and AI business grew 59% as the chipmaker gains AI momentum.
Intel Corp. surged in late trading after the chipmaker's revenue forecast shattered estimates, indicating that booming data center spending is helping fuel a long-awaited turnaround. Bloomberg's Ed Ludlow spoke to CEO Lip-Bu Tan who said demand is outpacing the current supply.
Intel stock jumped in the extended hours as the company published strong financial results and boosted its forward guidance. INTC soared to $110, a significant increase from this month's low of $89.65.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares jumped nearly 11% in after-hours trading after the chipmaker reported second quarter results that exceeded Wall Street expectations, driven by stronger demand across its data center and client computing businesses and a better-than-expected outlook for the third quarter. The company reported second quarter revenue of $16.1 billion, up 25% from a year earlier and above analyst expectations of $14.43 billion.
Intel (INTC) shares have climbed more than 300% over the last 12 months but have fallen 30% from record highs less than a month ago as of Thursday's close. After hours, the legacy tech firm showed AI strength with stronger-than-expected earnings and guidance that surged past Wall Street's estimates.
Now an AI Player, Intel saw its sales of data-center chips continue to accelerate.
Semiconductor exchange-traded funds have gained more than 25% this year. Intel Corporation's (INTC) second-quarter earnings report after today's close could test whether that rally continues.
CNBC's Kristina Partsinevelos reports on what to expect from Intel in its upcoming earnings report.
It's hard to believe that a name like Intel (NASDAQ:INTC | INTC Price Prediction), which gained more than 336% in a year as a part of its profoundly successful turnaround, could have more gas in the tank.
Intel is slated to report earnings after the closing bell today, with traders anticipating a sizable move from the chipmaker's stock following the results.
Intel (INTC) shares are more than 25% below its all-time high but up over 330% year-over-year. Tom White shows how substantial the really has been over recent months to help investors prepare for the legacy tech company's earnings after Thursday's close.
Intel heads into its Q2 2026 earnings with expectations running high, following a remarkable 172% year-to-date rally, as investors look for confirmation that its AI-driven turnaround can justify its sharp valuation rerating. Data Center and AI revenue, alongside capital expenditure and cash flow, will be the key earnings drivers, with the market seeking evidence that Intel's heavy AI investments are translating into sustainable demand, profitability, and operating leverage. Alphabet's post-earnings sell-off highlights the market's growing sensitivity to AI spending, suggesting Intel's forward guidance on capital investment and free cash flow could have a greater impact on its share price than headline EPS or revenue beats.