Intel Reports Strongest Revenue Growth in Over 15 Years
On July 23, Intel (INTC) reported second-quarter revenue of $16.1 billion, marking a significant year-over-year increase of 25% and the strongest quarterly growth for the company in more than 15 years. The results exceeded analyst expectations with adjusted earnings per share doubling from estimates to $0.42. This performance was driven by strong demand across its Data Center and AI segment (DCAI), which saw a 59% revenue increase, as well as robust growth in client computing. Despite these positive financials, INTC stock has faced recent volatility, slipping more than 7% over the past five days. However, Intel's non-GAAP gross margin improved to 41.8%, and its operating margin recovered significantly from a loss position in the prior year period. The company also announced an expanded partnership with Synopsys (SNPS) for advanced AI-powered design tools on its cutting-edge process technology. Looking ahead, Intel raised its capital spending outlook due to strong customer demand and guided Q3 2026 revenue between $15.8 billion and $16.8 billion.