Framing Analysis
Intel reported second-quarter results on July 23 showing revenue of $16.13 billion, adjusted EPS of 42 cents, and raised Q3 guidance that exceeded analyst estimates. Shares closed down 2.3 percent but rose in after-hours trading, with year-to-date gains exceeding 170 percent. The U.S. government holds a 10 percent stake in the company tied to domestic chip manufacturing support.