Intel Posts Strongest Revenue Growth In 15 Years On Surging AI Demand
Intel nearly made a mockery of Wall Street estimates by blowing past expectations with $16.1 billion in second-quarter revenue, fueled by what company CEO Lip-Bu Tan called "unprecedented demand" for AI hardware. In doing so, Intel's revenue growth surged 25% year-over-year, which is the biggest gain in a decade and a half. Just as importantly, Tan is exuding confidence that the good times are just getting started.
"AI is driving unprecedented demand for compute, and as we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise, ASICs, advanced packaging and vast wafer foundry network," said Lip-Bu Tan, Intel CEO. "Our Q2 results represent our strongest revenue growth in more than 15 years, enabled by greater speed, accountability, and customer focus."
The rise of agentic AI and an industry-wide scramble to flesh out AI infrastructures has benefited major players in tech, including Intel, the timing of...
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