Intel (INTC) Stock Pops 12% as AI Demand Fuels Best Quarter in Years
TLDR
- Intel reported Q2 EPS of $0.42 vs. $0.21 expected, and revenue of $16.1B vs. $14.4B expected
- Revenue grew 25% year-over-year — Intel’s fastest sales growth in nearly 15 years
- Intel Foundry revenue hit $5.8B, up 31% from the prior year, beating estimates
- Q3 guidance of $0.38 EPS and $15.8B–$16.8B revenue topped Wall Street forecasts
- INTC stock is up 172% in 2026, though still ~29% below its all-time high of $140.94
Intel delivered a blowout second quarter, and Wall Street noticed. The stock jumped 12% in after-hours trading Thursday before settling up around 4% in Friday’s premarket, opening at $100.23.
Q2 adjusted EPS came in at $0.42, doubling analyst expectations of $0.21. Revenue hit $16.1 billion against a $14.4 billion estimate. A year ago, Intel posted a loss of $0.10 per share on $12.9 billion in revenue. That’s a dramatic swing.
CEO Lip-Bu Tan pointed to AI as the engine behind the results. “AI is driving unprecedented demand for compute,” he said, adding that Intel is “well-positioned to capture sustainable growth” across its CPU business, ASICs, and foundry network.
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