Intel stock gains on a stronger Q2 2026 revenue beat

Intel stock rose after Q2 2026 revenue reached $16.1 billion and adjusted EPS came in at $0.42, while Q3 guidance pointed to $15.8 billion to $16.8 billion in sales.

Intel (US4581401001) stock gained after the company reported Q2 2026 revenue of $16.1 billion and adjusted earnings of $0.42 a share, both above Street estimates. The same report said revenue rose 25% year over year, giving the turnaround trade a fresh number to lean on.

Q2 numbers did the work

Data Center and AI revenue reached $6.3 billion in the second quarter, up 59% from a year earlier, while Foundry revenue climbed 31% to $5.8 billion. Gross margin also moved to 40.4% from 27.5% a year earlier, which matters more to investors than the headline beat alone.

Q3 guidance added another anchor, with Intel pointing to revenue of $15.8 billion to $16.8 billion and non-GAAP EPS of $0.38. Market expectations in the same report sat at $16.41 billion for revenue and $0.39 per share, so the sales midpoint sits just below that bar while earnings guidance matches it closely.

The market still rewards the setup

Intel traded at $92.68 in late-session coverage from August 27, 2026, with intraday volume of 41,681,197 shares and a cited market value of $490 billion in the same flow of market reports. A separate market snapshot put the shares at $92.03 on August 28, 2026, up 4.28%, which leaves the stock close to the recent high-print zone.

That combination matters because the move has been driven by a mix of earnings recovery and semiconductor sentiment, not by one isolated headline. In that context, the $16.1 billion revenue base and $0.42 EPS carry more weight than any single session move.

Foundry remains the test

Intel Foundry revenue at $5.8 billion and Data Center and AI revenue at $6.3 billion show where the next quarter will be judged. The foundry line still posted an operating loss of about $2.1 billion in the cited coverage, so scale is improving faster than profitability.

The stock's valuation now depends on whether those two businesses can keep growing while gross margin stays in the low-40% range. For now, the reported Q2 mix and Q3 guide give Intel a cleaner narrative than it had earlier in 2026.

Core product lens

Intel's Xeon server processors and client PC chips remain the clearest product link to that revenue mix, because the company still leans on volume in computing even as it expands foundry and AI exposure. The Q2 figures show the core franchise is still large enough to carry the company's next phase.

Price check

Intel stock traded at $92.03 as of August 28, 2026, after a $92.68 print the prior session, according to market snapshots in the current coverage. The shares remain in the same general band that followed the Q2 report.

Fact box

Company: Intel

ISIN: US4581401001

Ticker: INTC

Exchange: Nasdaq

Sector / Industry: Information Technology / Semiconductors

Index membership: S&P 500

Market cap: $490 billion

Next earnings date: November 2026