Intel reported that its second quarter revenues and profits were up slightly as the chip giant beat Wall Street estimates.
On a non-GAAP basis, Santa Clara, California-based Intel reported net income of $5.2 billion (up 6% from a year earlier), or $1.28 a share, on revenues of $18.5 billion (up 2%) for the second quarter ended June 30.
Analysts were expecting a profit of $1.07 per-share on $17.8 billion in revenue. Intel’s stock is down 0.64% at $55.60 a share in after-hours trading.
“There’s never been a more exciting time to be in the semiconductor industry. The digitization of everything continues to accelerate, creating a vast growth opportunity for us and our customers across core and emerging business areas,” said Pat Gelsinger, CEO of Intel, in a statement. “With our scale and renewed focus on both innovation and execution, we are ...
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