Svmuu News Intel The company reported second-quarter revenue of $16.13 billion, up 25% year-over-year; estimates were $14.43 billion. Second-quarter revenue from data centers and artificial intelligence (AI) was $6.26 billion, exceeding analysts’ expectations of $5.54 billion.Adjusted earnings per share (EPS) for the second quarter were $0.42, compared to analysts’ expectations of $0.21. The company forecasts third-quarter revenue of $15.8–$16.8 billion, while analysts expect $15.06 billion.The company expects adjusted earnings per share (EPS) of $0.38 for the third quarter, while analysts expect $0.27. (Wall Street Journal)
According to MSX.COM data, Intel’s stock rose in after-hours trading, climbing as much as 13% at one point, though the gain has since narrowed to 3%.