Intel Shares Surge as Q2 Revenue Posts Fastest Growth in 15 Years

Intel is seeking to rebuild its standing in semiconductors after missing the early surge in generative-AI accelerators. Its turnaround under Chief Executive Lip-Bu Tan centers on server CPUs, advanced manufacturing and a foundry business serving outside customers. Rising investment by cloud providers in AI infrastructure has strengthened demand for general-purpose computing, making the latest results an important test of Intel’s ability to regain momentum while funding its capital-intensive manufacturing strategy.

Intel said on July 23, 2026, that second-quarter revenue climbed 25% to $16.1 billion, its fastest growth since the third quarter of 2011 and above the $14.42 billion estimate compiled by LSEG. Adjusted earnings reached $0.42 a share, while data-center revenue surged 59% to $6.3 billion. The shares jumped as much as 11% 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.