Intel Just Posted Its Fastest Revenue Growth in More Than 15 Years, but the Stock Is Falling. Here's What's Going On.

Intel reported strong Q2 2026 results with 25% year-over-year revenue growth to $16.1 billion and a swing to $0.42 adjusted EPS profitability, driven by AI and data center demand. Despite initial 12% after-hours gains, the stock fell below Thursday's closing price by Friday as investors reassessed the company's 60x P/E valuation, which assumes sustained high growth rates.