Intel Guides Q3 Revenue Up $2.6B, Raises 2026 Capex Above $20B; Shares Jump 9%
INTC has more than doubled off its 52-week low of $18.965.
Summary
Intel delivered a strong Q2 report and forward guidance that materially exceeds expectations. Revenue hit $16.1B, up 25% YoY, with non-GAAP EPS of $0.42. The company guided Q3 revenue up $2.6B YoY and a 42% gross margin, signaling accelerating data-center demand. Capex for 2026 is now above $20B, with 2027 set higher, reflecting aggressive capacity expansion. The foundry business is gaining traction with a major Google TPU deal and Apple chip manufacturing on Intel 3 to 14A nodes. Additionally, Intel is negotiating 1-2 year server CPU supply deals with Chinese buyers as AI-driven demand outstrips supply. Shares jumped about 9% after hours. This follows a series of positive catalysts including the Trump administration's 10% equity stake, Apple and Google partnerships, and now a clear earnings inflection. The raised capex and China supply deals suggest management sees sustained demand. Watch for further details on the China negotiations and 14A node progress in 2028.
At the time of this announcement, INTC was trading at $104.61 on NASDAQ in the Technology sector, with a market capitalization of approximately $503.8B. The 52-week trading range was $18.97 to $142.35. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.