Intel reported better-than-expected Q2 results with revenue up 25% to $16.13 billion and adjusted EPS doubling estimates at 42 cents. Growth was driven by a 59% jump in Data Center and AI revenue and a 31% rise in Intel Foundry revenue. The company also raised its Q3 revenue guidance to $15.8-$16.8 billion, above estimates, and expects adjusted EPS of 38 cents. Analysts see Intel's turnaround gaining momentum due to strong AI-driven server demand and foundry progress but caution that consistent execution and customer growth are needed to sustain profitability against competitors like AMD and NVIDIA.
Intel reported a strong earnings beat on July 24, leading some analysts to raise their stock price targets. Seaport Global Securities increased its 2026 target from $90 to $125, citing Intel's return to gross margins above 40% and higher capital expe...
Intel reported a strong Q2 with revenue of $16.13 billion, a 25% increase year-over-year, surpassing analyst estimates. Adjusted earnings per share doubled to $0.42, driven by a 59% revenue surge in its Data Center and AI division. Analyst Seaport Gl...
Wall Street is set for a cautious recovery following a sharp selloff that erased about $800 billion from the value of seven major tech giants. The Nasdaq fell 2.2% amid concerns over rising AI spending and disappointing earnings from Tesla and Alphab...
Intel reported strong Q1 results with earnings per share of $0.42, doubling analyst estimates of $0.21, and revenue of $16.13 billion, a 25% increase year-over-year. This marks Intel's fastest revenue growth since 2011, fueled by rising demand in dat...
Mobileye founder and CEO Amnon Shashua plans to step down after nearly 30 years, remaining in position until a replacement is found. The company, known for its automotive safety chips, is expanding into autonomous driving systems, robotaxis, and huma...
