Intel posts strongest quarterly revenue growth in 15 years

Intel Corporation reported its strongest quarterly revenue growth in more than 15 years on Thursday, July -23, 2026, with results that significantly exceeded Wall Street expectations, driven by surging demand for artificial intelligence and data center products. The chipmaker's stock rose approximately 4% in after-hours trading following the announcement.

For the second quarter, Intel posted revenue of $16.1 billion, a 25% increase from the $12.9 billion reported in the same period last year. This performance marked the company's fastest rate of revenue growth since 2011. The results surpassed analyst forecasts, which had anticipated revenue around $14.4 billion to $14.8 billion. The company also reported non-GAAP earnings per share of 42 cents, well ahead of the consensus estimate of 21 to 27 cents.

Chief Executive Officer LipBu Tan attributed the robust performance to the AI computing boom. "AI is driving unprecedented demand for compute, and as we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise," Tan said in a statement. The company's financial health showed broad improvement, with gross margin recovering to approximately...