Intel Q3 forecast beats estimates as AI demand lifts chip outlook

Short summary

Intel issued a Q3 revenue forecast of $15.8B–$16.8B, well above the analyst consensus of $15.1B compiled by LSEG. Adjusted profit guidance of 38 cents per share also significantly exceeded the 27-cent estimate. The company attributed the upbeat outlook to surging AI-driven semiconductor demand, and shares rose in response.

• •Intel Q3 revenue forecast $15.8B–$16.8B vs $15.1B estimate
• •Adjusted EPS guidance 38 cents vs 27 cents estimate
• •AI chip demand cited as key driver; shares jumped

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