Intel forecasts third-quarter revenue between $15.8 billion and $16.8 billion, surpassing analyst estimates of $15.1 billion, with adjusted earnings per share projected at 38 cents, exceeding the 27-cent estimate. The company also plans to increase its capital expenditure over the next two years, driven by demand from AI data center expansion.
Intel's increased capex and strong CPU demand from AI data centers indicate sustained infrastructure buildout, tightening the supply for core compute components.