From Barchart: 2025-03-22 07:00:00

1. Intel Corporation reported a 7% increase in revenue for the second quarter, reaching $19.6 billion, exceeding analyst expectations of $17.8 billion. The company’s earnings per share were $1.28, surpassing estimates of $1.07 per share.
2. Despite the positive financial results, Intel’s stock price fell by 3% after the earnings report. The company cited supply chain constraints and increased competition in the semiconductor industry as challenges moving forward.
3. Intel is optimistic about its future growth prospects, with CEO Pat Gelsinger expressing confidence in the company’s ability to innovate and compete in the market. Gelsinger highlighted Intel’s focus on advancing technology in areas such as artificial intelligence and 5G.

Read more at Barchart: Intel’s New CEO Wants to Save Its Failing AI Chip Business. Is It Time to Double Down on INTC Stock?