Intel Posts 25% Revenue Jump as Bitcoin Drops on Iran War
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- Intel shares rose roughly 8% in after-hours trading after Q2 revenue of $16.1 billion beat estimates, marking the chipmaker's fastest quarterly growth in more than 15 years at 25% year-over-year.
- Intel's Data Center and AI business surged 59%, driving the topline beat alongside adjusted earnings of $0.42 per share.
- CEO Lip-Bu Tan credited AI demand for fueling growth across Intel's processor, foundry, and advanced packaging businesses.
- Intel guided Q3 revenue to $15.8 billion–$16.8 billion with adjusted EPS of $0.38, signaling continued momentum.
- The strong report lifted tech sentiment after a bruising session, with Nasdaq 100 futures rebounding from lows to trim losses to about 1.6%.
Why it matters: With Data Center and AI revenue up 59% and topline growth hitting a 15-year high of 25%, Intel's Q2 beat and upbeat Q3 outlook show the chipmaker is regaining momentum, with CEO Lip-Bu Tan tying the surge to AI demand across its processor, foundry, and advanced packaging businesses.
