Intel shares rose 9% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates.
Intel called for fiscal third-quarter adjusted earnings of 12 cents per share and revenue between $13.3 billion and $14.3 billion.
Analysts had expected 8 cents in adjusted earnings per share and $13.66 billion in revenue.
During the quarter, Intel announced the launch of Xeon 6 server processors and Gaudi artificial intelligence accelerators.
As of Thursday's close, Intel shares were down about 57% in 2024, while the S&P 500 index had gained 20%.
Persons:
Pat Gelsinger, Dave Zinsner, Gaudi, Harvest's Paul Meeks
Organizations:
Intel, CNBC, Qualcomm, Computing, StreetAccount, Revenue, Data Center
Locations:
Taipei, Taiwan