Intel Shares Surge as Q2 Revenue Jumps 25%

Intel, once the dominant PC chipmaker, has been trying to restore competitiveness under CEO Lip-Bu Tan after losing ground to Nvidia and Advanced Micro Devices in the artificial-intelligence boom. Tan has cut costs, sold assets and refocused investment on core processors and manufacturing. The latest quarter is important because it tests whether surging demand for AI infrastructure can translate into a durable recovery for Intel’s data-center franchise and improve confidence in its broader turnaround.

Intel said on July 23 that second-quarter 2026 revenue rose 25% from a year earlier to $16.1 billion, its fastest growth in more than 15 years and above the $14.42 billion estimate compiled by LSEG. Adjusted earnings were $0.42 a share, while Data Center and AI sales climbed 59% to $6.3 billion. Shares gained about 9% in after-hours trading. Intel forecast third-quarter revenue of $15.8 billion to $16.8 billion and adjusted earnings of $0.38 a share.