Intel Beats Revenue Forecasts by $1.7B, Yet Stock Falls 11%
2026-07-24 21:14:20
Intel reported revenue of $16.1 billion, beating analyst estimates by $1.7 billion and posting its best growth in more than fifteen years, but the shares still fell 11% after the results. According to BeInCrypto, AMD also dropped 5.5% despite positive news of its own, while sector weakness and cautious market sentiment weighed on chip stocks. Intel’s data center and AI unit rose 59% to $6.3 billion, and adjusted earnings were 42 cents a share.
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