Intel stock gains over 5% after strong Q2 earnings
Intel delivered its fastest revenue growth in more than 15 years, although the initial market reaction has already begun to fade.
Intel reported strong results for the second quarter of 2026. Revenue increased by 25% year over year to $16.13 billion, beating the $14.45 billion forecast. Adjusted earnings reached $0.42 per share, compared with the expected $0.22.
The Data Center and AI division was the main growth driver, with revenue rising by 59% to $6.3 billion. Intel Foundry revenue increased by 31% to $5.8 billion, while the Client Computing and Physical AI business grew by 13% to $8.9 billion.
The company also improved its adjusted gross margin from 29.7% to 41.8% and forecast third-quarter revenue of $15.8–$16.8 billion. However, the report was not flawless: Intel recorded a GAAP net loss of $11 billion, while rising demand will require further increases in capital spending.
Gap Up puts the $110–113 target zone in focus
Immediately after the earnings release, Intel shares jumped by around 12–13%. By premarket trading, however, the gain had narrowed to 4–5%.
If the regular session opens with the gap up intact and buyers keep the price above $102, continued upside will become the base-case scenario. The nearest target zone is $110–$113.
If bullish momentum persists, the rally could extend toward the 50-day SMA near $116.
Strong earnings may not shield Intel from Nasdaq volatility
Despite Intel’s strong report, the broader environment for the U.S. technology sector remains unstable. CFTC data point to increasingly bearish positioning in Nasdaq-100 futures: leveraged funds added 5,488 short contracts over the week while reducing long positions by 6,357 contracts.
Intel’s strong results therefore do not rule out sharp profit-taking driven by the broader market. Short-term traders should remain especially cautious.
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