Intel Reports Q2 Earnings on Thursday After 27% Slide From June Record High

According to CNBC, Intel reports earnings on Thursday evening after its stock fell 27% from a June 22 record close near $141 per share. Investors will focus on two key metrics: stronger AI server CPU growth and further progress in its foundry business. The decline reflects broader semiconductor sector reassessment, though the chipmaker remains one of the year's best performers, posting a 280% gain to its June peak.

Last week, Intel announced a $5.7 billion investment in its Leixlip, Ireland facility to expand Xeon server CPU production. On Tuesday, Intel's foundry division signed a deal with cybersecurity firm Fortinet to manufacture next-generation security chips—the first major win under new CEO Lip-Bu Tan. Wall Street projects Q2 revenue of $14.42 billion, up 12% year-over-year, with earnings per share of 21 cents.