Intel Posts Fastest Revenue Growth Since 2011 As Server CPU Demand Surges

The $16.1 billion quarter came from the business Intel had already written offIntel reported second-quarter revenue of $16.13 billion on 23 July, up 25 per cent year on year and its fastest quarterly growth since 2011. Data Centre and AI revenue climbed 59 per cent to $6.26 billion, and that segment's operating income rose from $633 million to $2.47 billion in twelve months. Analysts had modelled $14.45 billion in revenue and adjusted earnings of $0.22 a share. Intel delivered $0.42. The business that produced the quarter was the server processor line the market had spent three years pricing for decline.

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