Intel shares fall as 25% revenue jump marks fastest growth since 2011
SANTA CLARA, July 24. Intel's revenue rose 25% in its most recently reported period, the company disclosed, the fastest rate of top-line growth the chipmaker has recorded since the third quarter of 2011. Intel attributed the result to the artificial intelligence boom. Shares declined.
Key takeaways
- Intel's revenue rose 25% in its most recently reported period, its fastest top-line growth since the third quarter of 2011.
- Intel attributed the revenue gain to the artificial intelligence boom.
- Intel's shares declined after the company disclosed the result.
- The third quarter of 2011 is the last comparable period Intel matched this growth rate, nearly 15 years earlier.
SANTA CLARA, July 24. Intel's revenue rose 25% in its most recently reported period, the company disclosed, the fastest rate of top-line growth the chipmaker has recorded since the third quarter of 2011. Intel attributed the result to the artificial intelligence boom. Shares declined.
A growth rate absent for nearly 15 years
The 25% figure represents revenue expansion Intel has not matched in almost 15 years. The company said AI demand drove the gain. The third quarter of 2011 is the last comparable period, the disclosure shows.
Stock falls on the news
Shares fell after Intel posted the result. The company named the AI boom as the driver of the gain, its strongest top-line growth since the third quarter of 2011, yet shares declined on the disclosure.
Note: The source provided two core data points (25% revenue gain; prior comparable period of Q3 2011) with no volume figures, guidance, or quoted executives. Per house policy, this piece reflects only what the source contains rather than padding to a longer count with invented specifics.