Intel to Report Third-Quarter Results Oct. 29 After Data Center and AI Revenue Rises 59%

Intel will report third-quarter results after the market closes Oct. 29, with its second-quarter results showing a 59% annual increase in Data Center and AI revenue amid limits on server supply. The segment generated $6.262 billion in revenue for the quarter ended June 27. Server volume rose 9% year over year, primarily as demand from hyperscalers increased. Intel said that demand exceeded available supply. Intel's total second-quarter revenue was $16.128 billion, up 25% from a year earlier. “AI is driving unprecedented demand for compute,” CEO Lip-Bu Tan said.

Source: TokenPost