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Dive Brief:
Intel Corp. saw revenue reach $16.1 billion in the second quarter, up 25% from a year ago, marking its strongest growth in more than 15 years, CEO Lip-Bu Tan said on an earnings call Thursday.
The growth came largely from Intel’s products for data center and artificial intelligence customers, which surged to $6.3 billion in revenue — up 59% from last year. At the same time, revenue improved by double-digits across its foundry division and client computing and physical AI group of products.
Tan said strong demand continued to outstrip Intel’s growing supply during the three months that ended June 27. The company raised its 2026 capital spending to more than $20 billion, up from a previous range of $17 billion to $18 billion, for continued investment in advanced manufacturing and packaging.
