Intel just delivered its strongest quarterly revenue growth in nearly 15 years, beating Wall Street expectations as surging demand for artificial intelligence infrastructure fueled sales of its data center processors. Yet despite the upbeat results and stronger-than-expected guidance, investors sent the company's shares lower following the earnings report.
The semiconductor giant reported second-quarter revenue of $16.1 billion, well above analysts' expectations of $14.42 billion. Adjusted earnings came in at 42 cents per share, nearly double the consensus estimate of 21 cents per share. The stock fell more than 6% on Friday at 3:01 p.m. ET.
