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Intel shares surge as results top expectations after dividend cut
Intel reported Q2 FY'26 EPS of $0.30, up from expectations, as revenue rose 25% year over year to $16.1 billion and data center and AI grew 59%.
Intel investors have leaned back into the stock after the company cut its dividend in 2024, with Yahoo Finance noting that Intel shares are up 389% over the last 52 weeks and 170% year to date.
In Q2 FY'26, Intel reported earnings of $0.30 per share, which the outlet said was 200% above Wall Street expectations, while revenue grew 25% year over year to $16.1 billion, the strongest quarterly growth in more than 15 years.
Yahoo Finance also highlighted segment momentum, with Intel's Data Center and AI segment growing 59% year over year and Foundry revenue rising 31%, alongside progress cited by management in areas such as improved factory yields and faster cycle times.
Management additionally pointed to movement toward risk production on the 18A-P node and a plan for high-volume 14A manufacturing, suggesting the turnaround efforts in the foundry and AI strategies are beginning to translate into growth.