Intel Forecasts Up to $16.8 Billion Q3 Revenue as Data Center Growth Fuels Turnaround

3 articles · Updated · Bloomberg · Jul 23

$15.8 billion to $16.8 billion — Intel projected third-quarter sales in that range, with even the low end topping the $15.1 billion analyst consensus.
Data center spending drove the stronger outlook, giving the chipmaker fresh evidence that its long-awaited turnaround is gaining traction.
The forecast marks a clear beat versus Wall Street expectations and shifts attention to whether Intel can sustain momentum in its server-focused business.

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