Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations.
Here’s how the chipmaker did versus LSEG consensus estimates
Earnings per share: 42 cents, adjusted, versus 21 cents expected
Revenue: $16.1 billion, versus $14.42 billion expected
Shares of the chipmaker climbed immediately following the report, but sank during trading on Friday.
Intel shares are up over 170% so far in 2026 as of Thursday’s close after soaring 84% last year, when the U.S. government took a 10% stake in the company as part of an effort to support U.S. chip manufacturing. However, the stock has been in a slump more recently, dropping 28% in July.
https://www.cnbc.com/2026/07/23/intel-intc-earnings-report-q2-2026.html