Add as a preferred source on GoogleIntel to Report Third-Quarter Results Oct. 29 After Data Center and AI Revenue Rises 59%
Second-quarter Data Center and AI revenue reached $6.262 billion as server volume rose 9% year over year and demand exceeded available supply.
Intel will report third-quarter results after the market closes Oct. 29, with its second-quarter results showing a 59% annual increase in Data Center and AI revenue amid limits on server supply.
The segment generated $6.262 billion in revenue for the quarter ended June 27. Server volume rose 9% year over year, primarily as demand from hyperscalers increased. Intel said that demand exceeded available supply.
Intel's total second-quarter revenue was $16.128 billion, up 25% from a year earlier. “AI is driving unprecedented demand for compute,” CEO Lip-Bu Tan said.
Intel Foundry recorded $5.765 billion in second-quarter revenue, including $293 million from external customers. Intel expects industrywide supply constraints to persist into next year.
The company’s third-quarter earnings call is scheduled for 5 p.m. ET (21:00 UTC) on Thursday, Oct. 29.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.