turnaround is no longer just a headline. The numbers are starting to prove it.
The print:
Revenue: $16.13B vs $14.45B est. (+25% YoY)
EPS: $0.42 vs $0.22 est.
Gross margin: 41.8% vs 39% guide
A massive beat across the board.
AI demand was the biggest driver. Data Center revenue jumped 59%, operating income surged to $2.5B. Foundry revenue grew 31%, while losses narrowed significantly.
The guide is what caught my attention:
Q3 revenue midpoint: $16.3B vs $15.2B est.
EPS guide: $0.38 vs $0.28 est.
Gross margin expected around 42%.
Intel didn't just beat expectations. They showed the recovery is gaining momentum.
18A progress, stronger yields, and rising AI compute demand are changing the narrative.
$Intel(INTC)$ is back on the watchlist.
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