Intel Earnings: Raising Fair Value to $105 From $90 Thanks to a Stunning Rise in Server CPU Demand
Intel reported impressive second-quarter revenue of $16.1 billion, up 25% year over year and ahead of the high end of guidance of $14.8 billion. Intel expects third-quarter revenue of $16.3 billion, which would be up 19% year over year and ahead of FactSet consensus estimates of $15.1 billion.