Intel’s stock jumps more than 3% in after-hours trading after the chipmaker issues an upbeat third-quarter revenue outlook that tops analyst forecasts. Investors push the share price to around USD103, roughly USD147 before adjusting for a stock split, as the guidance signals resilient demand. Momentum builds despite headline losses because the market focuses on forward earnings rather than one-off charges.
Intel’s latest results show a complex picture beneath the rally. The company reports a net loss of USD11.03 billion, sharply wider than the USD2.92 billion loss a year earlier, largely tied to a non-operating mark-to-market charge. That charge is linked to escrowed shares under Intel’s CHIPS Act agreement, meaning the hit is more accounting-related than operational.
On an underlying basis, net income flips to a profit of USD2.2 billion, compared with a USD441 million loss in the same quarter last year. Revenue for the second quarter rises 25% to USD16.13 billion, up from USD12.86 billion.
Operationally, Intel looks much healthier than the raw net loss suggests. The business posts strong top-line growth as demand for its chips and related products fuels the 25% revenue jump.
For the third quarter, Intel guides revenue to land between USD15.8 billion and USD16.8 billion, a range that tops Wall Street expectations. It also projects earnings of 31 US cents per share, with adjusted earnings of 38 US cents per share once unusual items are stripped out.
Intel’s latest update reinforces the view that the company’s core operations are improving even as it navigates policy-linked accounting noise from the CHIPS Act structure. Markets interpret the mark-to-market hit as a technical issue rather than a signal of weakening fundamentals.
The company is also managing heavy investment commitments tied to government incentives and manufacturing expansion.
