Intel Beats Q2 Estimates as AI Demand Lifts Revenue 25%
Intel reported second-quarter revenue of $16.1 billion, up 25 per cent year-on-year and ahead of estimates, driven by strong AI-related demand for processors and foundry services.
New Delhi, July 27 (IANS) Chipmaker Intel reported stronger-than-expected second-quarter results, with revenue rising 25 per cent year-on-year, driven by robust demand for artificial intelligence (AI)-powered computing, data centre processors and foundry services, a report has said.
As per analysis of the Vietnam Times, the company posted revenue of $16.1 billion for the quarter ended June, up from $12.9 billion a year earlier and ahead of its own guidance as well as analysts' expectations of around $15.1 billion.
On a non-GAAP basis, Intel reported net income of $2.2 billion or 42 cents per share, compared with a loss of $400 million in the year-ago period, it added.