Key Points
- Intel's second-quarter revenue was $16.1 billion
- Data center sales increased by 59%
- JPMorgan analyst raised Intel stock price target to $85
By the Numbers
Intel announced its second-quarter earnings report and showed a performance above expectations. The company's revenue was announced as $16.1 billion, which is above the company's guidance. Intel's data center sales showed a 59% increase compared to the previous year.
Intel CEO Lip-Bu Tan stated that the company saw strong demand, which increased interest in the company's central processing units. JPMorgan analyst Harlan Sur raised the Intel stock price target from $45 to $85.
Intel's strong performance caused the company's stock price to increase by 350% in the last 12 months. The company is expected to show strong performance in the future.
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Frequently Asked Questions
- How was Intel's second-quarter revenue?
- Intel's second-quarter revenue was announced as $16.1 billion, which is above the company's guidance.
- How did data center sales perform?
- Data center sales showed a 59% increase compared to the previous year.
- How much did JPMorgan analyst raise Intel stock price target?
- JPMorgan analyst Harlan Sur raised the Intel stock price target from $45 to $85.
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