Intel shares surged after major earnings beat and stronger forecast

Intel shares surged approximately 12% in after-hours trading after the semiconductor company reported second-quarter results that surpassed analyst expectations and issued a stronger-than-expected forecast.

The company posted quarterly revenue of $16.13 billion and adjusted earnings of $0.42 per share. Intel’s third-quarter revenue outlook also came in above consensus.

The results matter for the broader semiconductor sector because they indicated accelerating demand for Intel’s data-center CPUs during the ongoing AI infrastructure buildout. The scale of the earnings surprise provided a positive signal from a major chip company and suggested that spending tied to data-center capacity was supporting Intel’s business.

The reported second-quarter figures, third-quarter forecast and initial after-hours market reaction are confirmed by the event package. What remains uncertain is whether the stronger data-center demand will persist and whether Intel will deliver results in line with its third-quarter outlook.