Intel (INTC.O) issued an unexpectedly strong revenue forecast, signaling that a surge in data center spending is helping the chipmaker achieve its long-awaited recovery. The company expects third-quarter sales to reach $15.8 billion to $16.8 billion—even the lower end of this range comfortably exceeds the analyst consensus of $15.1 billion. This forecast highlights Intel’s growing momentum among data center customers, who are urgently seeking chips to meet the demands of artificial intelligence computing. Sales in this segment surged 59% last quarter, more than double the company’s overall revenue growth rate. Following the earnings release, Intel’s stock rose 13% in after-hours trading. Additionally, Intel’s second-quarter revenue reached $16.13 billion, surpassing the market expectation of $14.43 billion.
Intel's Q2 revenue exceeds expectations, with strong Q3 guidance amid AI demand
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Summary
Intel (INTC.O) reported Q2 revenue of $16.13 billion, surpassing forecasts of $14.43 billion. The company raised its Q3 guidance to $15.8–$16.8 billion, above the $15.1 billion estimate. Data center sales surged 59% year-over-year, driven by AI demand. Following the announcement, shares rose 13% in after-hours trading. With inflation data stabilizing, altcoins to watch may gain momentum amid broader market optimism.
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