Intel Reports Strong Q2 Results and Upbeat Outlook Under New CEO Lip-Bu Tan
Intel reported a strong second-quarter performance with revenue rising to $16.1 billion, surpassing estimates by over $1.7 billion. Non-GAAP earnings per share improved significantly from a loss of 10 cents last year to a profit of 42 cents this quarter. The company also exceeded its own guidance and is gaining investor confidence under CEO Lip-Bu Tan.
Topics: AI infrastructure earnings foundry business revenue growth