Intel’s Q2 results exceeded expectations with 25% revenue growth, the strongest in over 15 years, and raised Q3 guidance.
Intel reported Q2 revenue of $16.1 billion, a 25% year-over-year increase, marking its strongest growth in over 15 years. Non-GAAP EPS of $0.42 nearly doubled the Street’s $0.22 estimate, while gross margins reached 41.8%, above the 39.2% consensus.
The company’s Q3 guidance of $16.3 billion at the midpoint surpassed both Goldman Sachs’ $14.3 billion estimate and broader consensus. All major segments outperformed expectations, reinforcing Intel’s turnaround narrative.
Goldman Sachs raised its estimates by 49% on average but maintained a Neutral rating and a $150 price target, citing more attractive risk-reward in peers. INTC has surged approximately 154% year-to-date, ranking 6th among S&P 500 stocks.