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00:02Intel reported better-than-expected second-quarter results,
00:05posting its fastest quarterly revenue growth since 2011 and issuing stronger-than-expected
00:10guidance, sending its stock up about 4% in extended trading, according to CNBC.
00:16Intel reported adjusted earnings of $0.42 per share and $16.1 billion in revenue,
00:22beating analyst expectations on both metrics.
00:24Intel's shares have surged more than 170% in 2026.
00:29The stock is up 84% last year following the U.S. government's 10% stake in the company,
00:35but has fallen 28% in July.
00:37The artificial intelligence infrastructure boom boosted Intel's server processor sales,
00:43helping drive 25% revenue growth, its fastest pace in nearly 15 years.
00:48The company expects adjusted earnings of $0.38 per share on $15.8 billion to $16.8 billion in revenue
00:56for the current quarter, above analyst expectations for both earnings and revenue.
01:01Intel said it is negotiating long-term server CPU agreements with customers,
01:06including contracts with fixed pricing and others based on chip volumes.
01:10For all things money, visit Benzinga.com.
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