Intel Q2 Earnings Due July 23 as Data Center Revenue Expected to Rise 36%

Intel will report Q2 earnings on July 23, with market consensus expecting revenue growth to mark the fastest pace in nearly six years, driven by surging demand for AI infrastructure and CPUs supporting AI agents. According to analyst estimates compiled by LSEG, Intel's Q2 revenue is forecast at $14.42 billion, up 12.1% year-over-year, with adjusted earnings per share of $0.21. The data center and AI segment is expected to see revenue surge 36.4% to $5.37 billion, marking the quarter's key highlight.

Investors will closely watch whether Intel's foundry business can secure additional external customers, particularly Apple. While Intel has announced collaborations including work with Tesla, the market's focus remains on potential Apple processor manufacturing deals. U.S. President Trump announced in April that Intel and Apple could reach a chip manufacturing agreement, though neither company has confirmed this.