Intel Corporation (INTC) reported Q2 earnings on July 20, 2026, revealing a revenue of $16.1 billion, a 25% year-over-year increase, marking the company’s highest growth in over a decade. The results are largely attributed to strong demand in their Data Center and AI business unit, which saw revenues surge nearly 60% to $6.3 billion, and Intel Foundry, which grew by 31% to $5.8 billion. The stock has risen over 400% since last July, reflecting a robust recovery.
CEO Lip-Bu Tan emphasized that “AI is driving unprecedented demand for compute,” positioning Intel for sustainable long-term growth in both its CPU franchise and foundry services. The company is investing heavily in equipment and clean room space to support this anticipated demand.
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