Intel set to report Q2 earnings amid semiconductor stock rebound

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Summary · why it matters

Semiconductor stocks are staging a sharp rebound, with the Philadelphia Semiconductor Index surging nearly 5% on Tuesday as investors return to AI-related names ahead of a busy earnings week. Intel is set to report second-quarter earnings after market hours on Thursday, July 23, with the Zacks Consensus Estimate calling for revenue of approximately $14.4 billion, a 12% year-over-year increase, and adjusted earnings of $0.21 per share, a dramatic improvement from a loss of $0.10 a share a year ago. The Zacks Expected Surprise Prediction indicates Intel could surpass expectations, with the most accurate estimate at $0.22 per share, and the stock currently holds a Zacks Rank of 1, or Strong Buy. Intel shares have soared more than 350% over the last year, outperforming all chip peers outside of Micron, as the company's turnaround gains momentum driven by AI and foundry progress.

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Intel is set to report Q2 earnings with expected revenue growth and a swing to profit, and the Zacks Expected Surprise Prediction indicates it could beat estimates.

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