Intel’s second-quarter results and guidance surpassed expectations, lifting shares despite analyst concerns over low bars and Foundry struggles.
Intel (INTC) shares climbed about 5% in premarket trading Friday after reporting second-quarter earnings and guidance that exceeded analyst estimates. The beat provided a relief rally for investors tracking the chipmaker’s turnaround efforts.
Analysts noted the results appeared strong partly due to low expectations, with one segment calling the print a “home run.” However, Intel’s Foundry business remains under scrutiny, described as “still not really a well-working business.”
The market reaction reflects cautious optimism, though longer-term challenges persist in regaining competitiveness in key segments.