TLDR
- Intel stock has rebounded toward $100 after briefly falling below $80 during the recent July sell-off.
- Strong earnings from Microsoft, Micron, and Amazon improved sentiment across technology and semiconductor stocks.
- Intel reported $16.1 billion in Q2 revenue, up 25% year over year, while adjusted EPS reached $0.42.
- Intel Foundry revenue rose 31% to about $5.8 billion, but external customer revenue remained limited at roughly $293 million.
- The foundry division posted an operating loss of about $2.1 billion, keeping profitability concerns in focus.
Intel (INTC) stock is holding near the $100 level after rebounding from a sharp July decline. Strong earnings from Microsoft, Micron and Amazon have improved sentiment across the technology and semiconductor sectors. However, Intel still faces pressure from large losses, high manufacturing costs and slow growth in its external foundry business.
Intel Stock Holds Near $100 After Rebound
Intel stock has recovered after falling below $80 last week. Buyers stepped in near the 20-week simple moving average, helping the shares move back toward the $100 area.
The rebound followed strong results from several major technology companies. Microsoft reported healthy Azure growth, while Micron showed strong demand for memory products tied to AI infrastructure. Amazon also reported continued spending across cloud and artificial intelligence services.
Intel has benefited from the stronger sector mood. Still, the $100 level may remain an important area as traders assess whether the recovery can continue after July’s heavy selling.
Revenue Rises While Intel Reports Large Loss
Intel reported second-quarter revenue of $16.1 billion, up 25% from a year earlier. The increase marked one of the company’s strongest periods of sales growth in recent years.
Management expects third-quarter revenue between $15.8 billion and $16.8 billion. The outlook suggests demand remains stable across parts of Intel’s computing and data-center businesses.
Profitability remains a challenge. Intel reported a shareholder loss of $2.16 per share, while adjusted earnings reached $0.42 per share. Net losses stood near $11 billion, improving from about $12.9 billion during the same period last year.
SoftBank also reported a 1.3 trillion yen, or about $8.2 billion, gain connected to Intel. The company invested $2 billion in Intel last year at $23 per share.
Intel Foundry Growth Faces Customer Challenge
Intel Foundry revenue rose 31% to about $5.8 billion during the quarter. Management also reported better production yields for its advanced 18A manufacturing technology.
External foundry revenue remained limited at about $293 million. That represented only a small share of the division’s total sales. Intel Foundry also recorded an operating loss of about $2.1 billion.
Intel continues working to attract more outside customers to its manufacturing network. The company needs higher external demand to support the large costs linked to factory expansion and advanced chip production.
Heavy Spending Remains Part of Turnaround
Intel continues investing heavily in manufacturing capacity. Its planned €5 billion expansion at the Leixlip campus in Ireland forms part of the company’s wider production strategy.
These projects require large amounts of capital before they can generate returns. Competition from global semiconductor manufacturers also remains strong as companies expand advanced chip production.
Intel stock now trades near a key technical area around $100. Further gains may depend on improving profitability, stronger foundry customer growth, and continued demand across data centers and computing markets.
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