Intel's shares surge as the chipmaker experiences its quickest revenue growth in nearly 15 years due to the AI boom.

Intel's shares surge as the chipmaker experiences its quickest revenue growth in nearly 15 years due to the AI boom.
Summary
Intel reported second-quarter earnings per share of 42 cents, exceeding expectations of 21 cents.
Revenue reached $16.1 billion, surpassing estimates and marking significant growth for Intel.
The company's stock is up over 170% in 2026, driven by AI demand.

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On Thursday, Intel unveiled its second-quarter results, exceeding expectations and marking its fastest revenue growth in a quarter since 2011. This positive performance prompted a nearly 4% rise in its stock during after-hours trading.

Here's a comparison of Intel's performance against LSEG consensus projections:

- Adjusted Earnings per Share: 42 cents, compared to the anticipated 21 cents - Revenue: $16.1 billion, outpacing expectations of $14.42 billion

As of the close on Thursday, Intel's shares have surged over 170% in 2026, following an impressive 84% rise last year, coinciding with the U.S. government's acquisition of a 10% equity stake in the company to bolster domestic chip manufacturing. Nevertheless, Intel faced a notable setback in July, experiencing a 28% decline in stock value.

Amid these fluctuations, the company is benefiting from a surge in demand related to artificial intelligence, which is bolstering sales of its server processors. The 25% revenue increase marks the quickest growth rate the company has seen in nearly 15 years.

“AI is driving unprecedented demand for compute,” commented CEO Lip-Bu Tan. “As we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise.”

Looking ahead to the next quarter, Intel forecasts adjusted earnings per share of 38 cents, with projected revenue ranging between $15.8 billion and $16.8 billion. In contrast, analysts are projecting revenue of $15.1 billion and earnings per share of 27 cents, according to LSEG data.

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