Intel Reports Record Q2 AI Revenue Growth of 59%, Expands Long-Term CPU Contracts

INTC-2.27%
According to Edaily, Intel reported second-quarter results on July 23 exceeding market expectations, with adjusted earnings per share at $0.42 and revenue reaching $16.1 billion. Revenue grew 25% year-over-year, marking the highest quarterly growth since 2011. AI drove the results, with data center and AI segment revenue surging 59% as companies expanded server CPU purchases amid growing AI infrastructure investment. CEO Pat Gelsinger stated that AI is creating "unprecedented computing demand." Intel expanded long-term supply contracts with server CPU customers to lock in pricing and volumes, signaling tightening supplies as GPU and CPU demand accelerates. The company also plans meaningful capital expenditure increases next year to strengthen foundry competitiveness.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments