1 month ago

Intel Beats Estimates with Strong Q2 Growth

Intel Beats Estimates with Strong Q2 Growth
Intel beats estimates in Q2 with strongest revenue growth in 15 years · CNBC TV 18

Intel, a big company that makes computer chips, did really well in the second quarter of this year.

They made more money than people thought they would, and they also said they think they'll make even more money in the next quarter.

The boss said that AI is making people want more of their chips.

They also signed some big deals with customers who need a lot of chips for their computers.

Even though they did well, their stock went up and down a lot after they told everyone their results.

The stock has gone up a lot this year, but it has also gone down a bit recently because other chip stocks have been doing badly.

Key facts

Revenue
$16.1 billion
Earnings Per Share (EPS)
$0.42
Projected Q3 Revenue
$15.8 billion to $16.8 billion
Projected Q3 EPS
$0.38
Gross Margins
42%
Stock Performance YTD
Up nearly 200%
Stock Performance This Month
Down 28%

Quotes

CEO Lip‑Bu Tan

Chief Executive Officer of Intel

“AI is driving unprecedented demand for compute, as we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise.”
CNBC TV 18

Sources

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