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Intel reports fastest revenue gain in 15 years
Intel announced the fastest revenue growth for the second quarter since 2011, with revenues reaching $16.1 billion, a 25% increase compared to the previous year. This growth was driven by strong demand for semiconductor components used in AI data centers and exceeded expectations. However, the company reported a net loss of $11 billion due to accounting fluctuations and non-cash charges related to stock policies. Intel expects third-quarter revenues between $15.8 billion and $16.8 billion, with adjusted earnings per share of 38 cents, and its stock rose up to 12% following the announcement.
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