Intel Q2 earnings double estimates as AI data centre revenue surges 59 percent

TL;DR

Intel Q2 revenue topped $16B with 25% growth, its fastest since 2011, but shares fell despite doubling earnings estimates

Intel posted second-quarter 2026 revenue of more than $16 billion, a 25 percent jump from a year earlier and the company’s fastest growth since late 2011. Adjusted earnings per share came in at 42 cents, double the 21-cent consensus estimate on Wall Street. Shares initially climbed on the results but reversed course during extended trading, deepening a 28 percent slide in July that has tested a stock still up more than 170 percent this year.

The data centre and AI division drove the beat, with revenue surging 59 percent year over year to more than $6 billion. Client computing, Intel’s PC chip business, rose 13 percent to nearly $9 billion, while the foundry arm posted revenue of nearly $6 billion, up 31 percent. Gross margin recovered to 42 percent from...

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