Intel Surpasses Q2 Earnings Expectations and Sees Strong Growth Opportunities 🚀

Intel reported second-quarter revenue of $12.86 billion, beating analyst expectations of $11.91 billion, according to Benzinga. The chipmaker posted an adjusted loss of 10 cents per share, missing the forecasted gain of one cent. Revenue growth was flat year-over-year, with declines in Client Computing partially offset by gains in Data Center, AI, and Foundry. Intel generated $2.1 billion in operating cash and closed the quarter with $9.64 billion in cash reserves. CEO Lip-Bu Tan said the company remains focused on AI and product efficiency while building a financially disciplined foundry business. For the third quarter, Intel projects revenue between $12.6 billion and $13.6 billion and an adjusted loss of 24 cents per share. Shares were up 2.34% in after-hours Thursday.