Intel reported second-quarter revenue of $16.13 billion, up 25% from a year earlier and above the $14.43 billion expected by the market. The company also beat analyst forecasts in its data center and artificial intelligence segment, where revenue came in at $6.26 billion versus expectations of $5.54 billion. Adjusted earnings per share reached $0.42, ahead of the $0.21 consensus estimate. Looking ahead, Intel said it expects third-quarter revenue in a range of $15.8 billion to $16.8 billion, compared with analyst expectations of $15.06 billion. The company also projected adjusted EPS of $0.38 for the third quarter, above the $0.27 analysts had been expecting. According to Wallstreetcn, citing MSX.COM data, Intel shares jumped in after-hours trading, rising as much as 13% before paring gains to 3%.
Intel reported second-quarter revenue of $16.13 billion, up 25% year over year and above the market estimate of $14.43 billion.
In the second quarter, revenue from the company’s data center and artificial intelligence business reached $6.26 billion, topping analyst expectations of $5.54 billion. Adjusted earnings per share came in at $0.42, compared with the analyst estimate of $0.21.
Third-quarter outlook came in above expectations
Intel said it expects third-quarter revenue of $15.8 billion to $16.8 billion. Analysts had been expecting $15.06 billion. The company also projected adjusted third-quarter EPS of $0.38, versus the analyst estimate of $0.27.
According to Wallstreetcn, citing MSX.COM data, Intel shares rose in after-hours trading, climbing as much as 13% before the gain narrowed to 3%.
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