Intel Corporation's second-quarter revenue reached $16.13 billion, a year-over-year increase of 25%

Odaily Planet Daily reports: Intel Corporation's second-quarter revenue was $16.13 billion, a year-over-year increase of 25%, surpassing the estimate of $14.43 billion. Second-quarter Data Center and AI revenue was $6.26 billion, exceeding analysts' expectations of $5.54 billion. Second-quarter adjusted earnings per share (EPS) were $0.42, beating the analysts' estimate of $0.21. The company expects third-quarter revenue to be between $15.8 billion and $16.8 billion, compared to the analysts' forecast of $15.06 billion. The company also forecasts third-quarter adjusted EPS of $0.38, ahead of the analyst consensus of $0.27. (Source: Wall Street Insight)

According to data from MSX.COM, Intel shares surged in after-hours trading, initially rising 13%, with gains now tightening to 3%.