GoKawiilIntel 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
: 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.
Despite the recent downturn, the company is getting a boost from the artificial intelligence infrastructure boom, which is helping sales of its server processors. Intel's 25% revenue growth was the fastest for any period in almost 15 years.
"AI is driving unprecedented demand for compute," CEO Lip-Bu Tan said in the statement. "As we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise."