Intel beats analysts on AI demand, forecasts $16.8B next quarter

Business Jul 24, 2026

Intel just crushed Wall Street's expectations this quarter, thanks to a big jump in demand for AI-powered chips.

The company is now forecasting up to $16.8 billion in revenue for next quarter, well above what analysts guessed, and expects higher profits too.

Intel increases 2026 spend to $20B

AI is fueling Intel's comeback: its data center and AI business pulled in $6.26 billion, easily topping forecasts.

With all this momentum, Intel is boosting its 2026 spending plans from $18 billion to $20 billion and locking in long-term deals for new chip tech.

Investors liked what they saw, Intel's stock jumped over 5% after the news dropped.