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Intel tops Q2 expectations as free cash flow turns positive
The quarter’s free cash flow was reported at $4.45 billion, with analysts also lifting 2027 revenue forecasts to $70.0 billion.
Intel reported Q2 results that exceeded analysts’ expectations for both revenue and earnings, with performance described as strong across product lines, particularly Foundry production and data center products. According to Yahoo Finance, revenue rose 25.4% year over year, coming in 11.6% above analysts’ expectations, and non-GAAP earnings increased more than 100% to 42 cents per share, matching a reported $0.20 consensus estimate.
After excluding a one-time payment tied to a deal involving Intel’s Ireland fabrication plant, the article says Intel generated positive free cash flow. It cites Q2 free cash flow of $4.45 billion and notes that the figure equaled 27.59% of Q2 revenue.
The article also points to Intel’s forward outlook, including a projected 38 cents per share for Q3, compared with 23 cents the prior year. It adds that analysts raised their 2027 revenue forecast to $70.0 billion, up from $66.17 billion, and links that to expectations for continued cash flow.
Shares fell about 4.6% on July 24 to $92.32 after an initial after-hours jump, and the article notes the stock is down 34.5% from a June 22 peak of $140.94. Yahoo Finance also describes the improving cash flow trend, estimating a trailing 12-month free cash flow margin of 4.96%.