Intel’s Q2 beat the room: revenue up 25%, EPS at $0.42, stock up 3% on strong Q3 guidance. Investors liked it. Geopolitical tensions and new tariffs still hang over the sentiment, though. The uglier number sits underneath: Intel Foundry lost $2.1B, and a $12.5B non-cash CHIPS Act escrow charge dragged the GAAP bottom line to an $11B net loss.
Intel CEO Lip-Bu Tan, driving the ongoing turnaround, stated, “Our Q2 results represent our strongest revenue growth in more than 15 years, enabled by greater speed, accountability, and customer focus.” He added that “AI is driving unprecedented demand for compute.”
