Intel (INTC) Stock: The Chip Comeback Everyone Was Watching Just Got Real
TLDR
- Intel reported Q2 revenue of $16.1 billion, beating estimates of $14.4 billion by roughly $1.8 billion
- EPS came in at $0.42, doubling the consensus estimate of $0.21
- Revenue grew 25.2% year-over-year — the fastest growth in more than 15 years
- Bernstein raised its price target to $110; average analyst target now sits at $107.67
- The stock has surged 346% over the past year, trading at $89.57 at the time of reporting
Intel put up numbers that turned heads. The chipmaker posted Q2 revenue of $16.1 billion and EPS of $0.42, blowing past Wall Street estimates of $14.4 billion and $0.21 respectively. The stock was trading at $89.57, up 346% over the past year, though off recent highs.
Revenue grew 25.2% year-over-year, marking Intel’s fastest top-line growth in more than 15 years.
The Client segment led the way with $8.9 billion in revenue — around $900 million above consensus — driven by higher average selling prices. The Datacenter segment brought in $6.3 billion, well ahead of the $5.5 billion Street estimate, with demand described as materially outstripping supply.
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