Intel posted its fastest revenue growth in almost 15 years, with quarterly revenue up 25%, and CNBC described the report as blowout earnings and guidance. CNBC coverage varied on the share price reaction, reporting both an 11% jump and, in a later headline, a decline.
Key facts
- Intel's revenue rose 25%, the strongest growth for any period since the third quarter of 2011, per CNBC.
- CNBC reported Intel shares jumped 11% following the earnings report; a later CNBC headline said shares sank.
- Intel shares are up more than 170% this year, according to CNBC.
- CNBC described Intel's earnings and guidance as blowout.
- CNBC's headlines characterised the results as Intel riding the AI boom.
Intel reported its fastest revenue growth in nearly 15 years, according to CNBC. The company said revenue jumped 25%, the most robust growth for any period since the third quarter of 2011.
CNBC reported that Intel posted what it described as blowout earnings and guidance. CNBC’s headlines characterised the results as the chipmaker riding the AI boom, though the source material does not detail the specific drivers of the revenue increase.
CNBC’s coverage varied on the stock’s reaction. An initial report said Intel shares jumped 11%, while a later headline said shares sank. The final direction of the stock’s move over the period is not clearly established across the available reporting.
According to CNBC, Intel shares remain up more than 170% this year, even after a recent slump in the stock.
The 25% growth rate matches a level of expansion Intel has not reported since 2011, according to CNBC.
Why it matters
Intel is one of the largest and most closely watched chipmakers, so a return to double-digit revenue growth is a notable result. The mixed reporting on the stock's reaction underscores that the market's response was still being assessed as coverage developed.
Frequently asked questions
How much did Intel's stock rise?
Intel's stock jumped 11% following its earnings report, according to CNBC.
How fast did Intel's revenue grow?
Intel's revenue jumped 25%, the most robust growth for any period since the third quarter of 2011, according to CNBC.
How has Intel's stock performed this year?
Intel shares are up more than 170% this year, even after a recent slump, according to CNBC.