Intel Shares Drop 8% Despite Strongest Revenue Growth in 15 Years
INTC has more than doubled off its 52-week low of $18.965.
Summary
Intel reported Q2 revenue of $16.1B, up 25% YoY—its strongest growth in 15 years—with pro-forma gross margins above 40% and operating margins at 17%. Despite the beat, shares fell 8% as investors focused on a $2.1B foundry operating loss and concerns over high AI spending. The company guided Q3 revenue to $15.8–$16.8B and adjusted EPS of $0.38, citing supply constraints amid surging data center demand. Foundry revenue rose 31% to $5.8B, but external sales were just $293M. Intel also outlined plans for 18A-P risk production and 14A risk production starting H2 2027, targeting volume 14A in 2028. Analyst reactions were mixed, with price targets ranging from $80 to $110 and mostly neutral-to-underweight ratings. The post-earnings sell-off follows a 4% premarket pop, reflecting a sharp reversal in sentiment.
At the time of this announcement, INTC was trading at $91.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $464B. The 52-week trading range was $18.97 to $142.35. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.