Intel Corp. (NASDAQ:INTC) stock gained in premarket trading on Friday after the chipmaker reported stronger-than-expected second-quarter results and issued third-quarter guidance above analyst estimates.
Beats Estimates, Raises Outlook
The chipmaker beat second-quarter expectations, with revenue rising 25% year over year to $16.13 billion, above the $14.42 billion estimate. Adjusted EPS of 42 cents doubled estimates of 21 cents, while Data Center and AI revenue jumped 59% and Intel Foundry revenue rose 31%.
The company also guided third-quarter revenue to $15.8 billion to $16.8 billion, ahead of the $15.01 billion estimate. Intel expects adjusted EPS of 38 cents, topping the 24-cent estimate.
Wall Street largely viewed Intel’s quarter as further evidence that its turnaround is gaining momentum. Analysts said stronger-than-expected results, improving foundry execution and robust AI-driven server demand reinforce the recovery narrative.
