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Intel's stock jumps 11% as chipmaker rides AI boom to fastest revenue growth in almost 15 years
Intel has announced impressive second-quarter results, showcasing a revenue growth of 25%, its fastest in nearly 15 years, largely attributed to the expanding market for AI infrastructure. Despite facing a slump in July, the positive earnings update drove the stock up by 11% in extended trading. The outlook remains strong, with expectations for further earnings growth as demand for server processors continues to rise.
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Published 23 Jul 2026, 20:55 UTC1 min read
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Summary
TL;DR
- Intel's revenue grew 25%, the fastest rate since Q3 2011
- Stock jumped 11% after better-than-expected earnings
- AI infrastructure is driving significant demand for Intel's products
- Intel anticipates adjusted EPS of 38 cents for the current quarter
- Company's stock up over 170% in 2026 so far
Interesting facts
- Intel's recent growth represents a significant rebound after a 28% decline earlier in July
- The U.S. government's 10% stake in Intel supports local chip manufacturing initiatives
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