Intel Q2 Revenue Beats Expectations, Strong Q3 Guidance, Data Center AI Demand Drives 13% After-Hours Stock Gain
7x24h News
Intel Q2 Revenue Beats Expectations, Strong Q3 Guidance, Data Center AI Demand Drives 13% After-Hours Stock Gain
Intel (INTC.O) released unexpectedly strong revenue guidance, indicating that surging data center spending is helping the chipmaker achieve a long-awaited recovery. The company said it expects third-quarter sales to reach $15.8 billion to $16.8 billion. Even the lower end of this range easily exceeded the analysts' average expectation of $15.1 billion. This guidance highlights Intel's growth momentum among data center customers, who urgently need chips to meet the demands of artificial intelligence computing. Last quarter, sales in this segment surged 59%, more than twice Intel's overall revenue growth rate. Following the earnings release, Intel's stock price rose 13% in late trading. Additionally, Intel's second-quarter revenue reached $16.13 billion, also exceeding market expectations of $14.43 billion.
Navigating Web3 tides with focused insightsTechFlow news, on July 24, Intel (INTC.O) released a surprisingly strong revenue forecast, indicating that surging data center spending is helping the chipmaker achieve a long-awaited recovery. The company said it expects third-quarter sales to reach $15.8 billion to $16.8 billion. Even the lower end of this range easily exceeded the analysts' average estimate of $15.1 billion.
This forecast highlights Intel's growth momentum among data center customers, who are in urgent need of chips to meet the demands of AI computing. Last quarter, sales in this segment surged 59%, more than double Intel's overall revenue growth rate. Following the earnings release, Intel's stock price rose 13% in after-hours trading. Additionally, Intel's second-quarter revenue reached $16.13 billion, also exceeding the market expectation of $14.43 billion.
