Intel's Q2 revenue increased 25% to $16.1 billion, surpassing expectations.

ChainCatcher report: Intel released its second-quarter financial results, reporting revenue of $16.1 billion, a 25% year-over-year increase—the strongest quarterly growth in over fifteen years—exceeding market expectations of $14.4 billion. Adjusted earnings per share came in at $0.42, above the expected $0.21. Under GAAP, the company recorded a net loss of $11 billion, primarily due to a $12.5 billion mark-to-market loss on escrow shares related to its agreement with the U.S. government under the CHIPS Act. Revenue from Data Center and AI (DCAI) surged 59% year-over-year to $6.3 billion; Client Computing and Physical AI (CCPG) revenue reached $8.9 billion, up 13%; and Intel Foundry Services generated $5.8 billion in revenue, a 31% increase. The company stated that data center orders have exceeded current supply capacity, with ten long-term server CPU supply agreements already signed. Gross margin improved to 40.4% from 27.5% in the same period last year, and operating cash flow amounted to $7 billion. Intel forecasts third-quarter revenue between $15.8 billion and $16.8 billion, with adjusted EPS of approximately $0.38—both above market expectations. Following the earnings release, Intel’s stock rose approximately 11% in after-hours trading.